The trustee overseeing the bankruptcy of Scott Rothstein’s defunct law firm has filed a $5 million lawsuit against R.L. Pearson & Associates, a Fort Lauderdale brokerage firm, alleging that the investment firm received commissions in exchange for steering new investors to Rothstein’s billion dollar Ponzi scheme.
While it is not alleged that R.L. Pearson & Associates had knowledge of the Ponzi scheme, the complaint includes allegations that the firm received commissions for introducing new investors to Rothstein during the time frame that Rothstein’s defunct law firm Rothstein, Rosenfeldt, Adler was already financially insolvent. It further alleges that the firm received returns on its own investments in the Ponzi scheme The lawsuit seeks to recover these payments for the ongoing bankruptcy.
R.L. Pearson & Associates was previously named in a $150 million lawsuit filed on behalf of investors to the Rothstein Ponzi scheme, which centered around the sale of forged structured settlement agreements.