Former law firm CFO charged over $1.2b Ponzi scheme

Irene Shannon, onetime CFO of defunct firm Rothstein Rosenfeld Adler in South Florida, is facing a conspiracy charge relating to a Ponzi scheme which has seen her former boss go to prison for 50 years.

17 April 2014

Prefer the Global Legal Post on Google

Referrring to the firm’s former managing partner Scott Rothstein, George L Piro of the FBI said: ‘Scott Rothstein was the mastermind of a massive Ponzi scheme, but he needed a trusted agent who knew how to shuffle money to keep the scheme running. Shannon … transferred millions of dollars and floated innumerable checks in an effort to make it all look legitimate.’ Source: ABA