Lawyer Pay

Trustee Sues Rothstein Partner for $10M, Alleges Charges for Jewelry, Home Repairs & Reptiles

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In at least the third such lawsuit filed against a partner of the South Florida law firm at the center of ex-attorney Scott Rothstein’s reported $1.2 billion Ponzi scheme, a bankruptcy trustee is seeking seven-figure reimbursement from Stuart Rosenfeldt.

However, the suit against the Rothstein Rosenfeldt Adler name partner seeks a heftier sum than the earlier suits—$10 million—to deposit into the bankruptcy estate. Of that amount, more than $1 million represents expenses allegedly charged by Rosenfeldt to the firm for personal purchases including 72 pieces of jewelry, clothing, furniture, home repairs and reptiles, reports the South Florida Business Journal.

Although the suit also alleges that Rosenfeldt owes the firm more than $450,000 in unpaid loans, it appears from the article that most of the claimed $10 million may allegedly have been spent on political contributions.

Rosenfeldt has denied any knowledge of Rothstein’s wrongdoing and has started a new law firm. He and his lawyer did not immediately respond to a request for comment from the publication.

Earlier, Herbert Stettin filed similar claims against name partner Russell Adler and partner Steven Lippman, seeking $1.2 million and $4 million, respectively.

Related coverage: “Trustee Seeks Law Firm Records to ID Any Other Attorneys in $1.2B Rothstein Scheme” “Filing: Rothstein Made $35M in 2008; Name Partner: I Wasn’t Paid $6M”

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