Podcast Center
Video Center
Webcasts
Resource Center
Events
December 23, 2011 at 07:35 AM
Convicted swindler Scott Rothstein, who was given a 50-year sentence for his role in devising and running a $1.2 billion Ponzi scheme, testified in a sworn deposition that employees of Toronto-Dominion Bank assisted him in the scheme, noting that they played a “critical” role.
Bloomberg reports that transcripts of the deposition, released Thursday, show Rothstein rating the assistance he got from the Canadian bank a 10 on a scale between one and 10.
“They were assisting me in putting fake balance statements into the hands of my investors,” he said, according to Bloomberg.
The news service notes that Rothstein, formerly of Rothstein Rosenfeldt Adler PA in Fort Lauderdale, Fla., “pleaded guilty in January 2010 to five counts of racketeering, money laundering and wire fraud after admitting he sold investors interests in bogus settlements of sexual-harassment and whistle-blower lawsuits.”
