Since 2009 was declared as the year of Ponzi schemes, it seems even those on top were affected. Related Companies CEO Stephen Ross and Miami condo mogul Jorge Perez, head of the Related Group, had $4 million invested with schemer Scott Rothstein, according to bankruptcy court documents filed on Dec. 22. Related PR appears on a list of investors in the Fort Lauderdale attorney’s former law firm, Rothstein Rosenfeldt Adler, which filed for bankruptcy after Rothstein’s massive Ponzi scheme was discovered.
Most of the other investors on the list are from Florida, but a group of New York investors that include Ross and Zack Hampton Bacon III, a hedge fund manager who invested $500,000 with Rothstein, were also scammed.
Via: The Real Deal