Lawyer Gets Prison For Lying To Hedge Funds In Rothstein Fraud

May 21 2014 | 10:26am ET

A Florida lawyer and friend of Ponzi schemer Scott Rothstein was sentenced yesterday to five years in prison for helping prolong the $1.4 billion fraud.

Christina Kitterman impersonated an official of the Florida Bar Association, a ruse that prosecutors said kept Rothstein’s scam afloat for another six months, U.S. District Judge Daniel Hurley found. He said she knew she was committing fraud when she pretended to by Adria Quintela, a top Bar official, to tell Rothstein’s hedge fund investors that the Bar had frozen his assets, preventing him from paying them. Kitterman denied the allegation on the stand, but owned up to the call yesterday.

“I accept responsibility,” she said. “I made a phone call that hurt people. If I could take back that phone call, I would.”

Kitterman’s call helped assuage the hedge funds’ fears and kept them from filing a lawsuit that would have revealed Rothstein’s scam six months earlier. The Ponzi scheme collapsed in October 2009.

Rothstein testified at the trial—called by Kitterman’s lawyers—and said that she knew what she was doing when she made the call. He said they had a sexual relationship and that she, like he, was friendly with members of the mob.


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

A Hard Look At Your ‘Soft’ Hedge Fund Marketing Information

Dec 8 2016 | 9:03pm ET

Conventional wisdom holds that due diligence examines quantitative as well as qualitative...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR