MIAMI, Feb. 11 (UPI) -- Bankruptcy lawyers in Florida alleged senior Rothstein Rosenfeldt Adler law firm partners created fraudulent loans to launder millions of dollars.
"Clearly, the movement of funds under these circumstances raises suspicion," attorney Myles Malman said, The Miami Herald reported Thursday.
Attorneys said Russell Adler and partner Steven Lippman were given $18 millions in "purported loans" that was immediately redistributed -- some of the funds going to the law firm, and some to partner Scott Rothstein, who was convicted of running a $1.2 billion Ponzi scam.
"Who knew what and when will be the key as to any federal charges," Malman said.
Bankruptcy lawyers are attempting to recover $475,000 Adler used to buy an apartment in Manhattan in August. Court documents indicate Stuart Rosenfeldt used a company credit card to buy $1 million worth of jewelry for his wife, Suzanne, and funneled $690,000 to her in funds that were set up as loans and salary.
Rosenfeldt's, attorney Bruce Lehr, said "the allegations in the lawsuit are going to prove to be overstatements."
Lippman, Rosenfeldt and Adler, who donated heavily to the 2008 presidential campaign of John McCain and Sarah Palin, have all denied they had prior knowledge of Rothstein's Ponzi scheme, the newspaper said.
