8/2/2019 TD Bank - New Civil RICO Claims

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l Contempt Blog: TD Bank - New Civil RICO claims. Why not Gibraltar Bank?

/acivilcontemptblog.blogspot.com/2012/05/td-bank-new-civil-rico-claims-why-not.html[5/7/2012 5:37:14 PM]

This blog will describe the unknown and unpublicized true story and bizarre circumstances surrounding

the longest, still ongoing, civil contempt sanction in U.S. Federal Court history now lasting over 11

years, including an imprisonment of over 6 years.

A Civil Contempt Blog

SATURDAY, MAY 5, 2012

Posted by Stephan J. Lawrence at 2:26 PM

Labels: bankruptcy, Berger Singerman,Civil RICO, Emess Capital, Gibraltar Bank,Gibraltar Private Bank,

Judge Herbert Stettin,Paul Singerman, Scott Rothstein, TD Bank

TD Bank - New Civ i l RICO c la im s. Why not Gibral tarBank?

In a previous post, I examined the incestuous relationship between Paul Singerman and other

Berger Singerman insiders and Gibraltar Bank(see also here). Berger Singerman is the lead law

firm for the trustee in the Rothstein Rosenfeldt Adler bankruptcy. It has spearheaded the

"immunization" of Gibraltar and those associated with Gibraltar, in the Gibraltar Bank scandal a scandal that parallels the TD Bank scandal. The Gibraltar immunization extends to Berger

Singerman itself, its insider co-investors with Rothstein in Gibraltar, and to others who aided in

orchestrating the purchase of Gibraltar Bank ... the bank Scott Rothstein said was essential to

carrying out his scheme.

Rothstein testified that a major reason for his participation in the purchase of Gibraltar Bank was

that inquiries into his Gibraltar accounts would then be stopped. So the "carrot" to Rothstein

joining with Berger Singerman insiders in the Gibraltar purchase was a cessation of inquiries into

the Ponzi scheme; and the "stick" was continued inquiries at Gibraltar, which could result in the

quick collapse of the Ponzi scheme. Not much of a choice.

In my March 9, 2012 post, I stated the following:

"Everyone fo l low ing the Scot t Roths te in bankruptcy c ase should recogn ize

what is rea l ly happen ing :

Berger Singerman is making many quick "pennies on the dollar" settlements. Those paltry

settlements all have buried clauses that immunize the targets from victim lawsuits the real

"carrot" to settle. A large part of those paltry settlements then go to Berger Singerman for legal

fees and Berger Singerman is thereby able to protect themselves (and friends) from many

embarrassing questions and potential civil claims, including aiding and abetting and civil RICO

claims, regarding Gibraltar"

A few days ago, Civil RICO claims were permitted by U.S. District Judge Joan Lenard to be

added to Emess Capital's complaint against TD Bank, thereby showing the viability of filing such

claims against Gibraltar Bank and those connected to the Rothstein scheme claims I pointed

out were apropos in Gibraltar's case.

The still open issue is why haven't Civil RICO claims been used against Gibraltar Bank yet? Is it

because Berger Singerman obtained immunization for Gibraltar and those connected to Gibraltar,

thereby protecting themselves and their own multimillion dollar investments in Gibraltar? Civil

RICO claims against Gibraltar, along with aiding and abetting claims, could enmesh Berger

Singerman insiders as co-defendants based on allegations they played a crucial role in carrying

out Scott Rothstein Ponzi scheme.

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Stephan J . Lawrence

I am an M.I.T. graduate and was

originally a financial analyst for

several major brokerages and

private investment firms. I

established a very successful

trading company that collapsed in

the October 1987 crash after

Bear Stearns successfully

embezzled 10's of millions of

dollars from my companies using

backdated fictitious trades that

the Chicago Board Options

Exchange and the Options

Clearing Corp. eventually

admitted never occurred.

View my complete profile

ABOUT ME

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