|George Levin & Scott Rothstein
Levin operated as essentially a feeder fund for Rothstein's bogus discounted legal settlements scam; he issued promissory notes to 173 investors, misrepresenting to them that he had procedures in place to protect them. The Court reportedly indicated that it will enter a financial penalty at a later date.
Whether criminal charges against Levin will be filed remains unknown; though the five-year Statute of Limitations has run, he and any others not yet charged could, in theory, be the subject of a RICO (Racketeering) case. The merits of the case have been the subject of earlier articles on this blog, and readers can access them through the search box located on the right-hand side of this page.