Rothstein Feeder George Levin's Ugly Past
If you feel at all sorry for Fort Lauderdale businessman George Levin for apparently losing a great deal of his money -- or other people's money -- in Scott Rothstein's Ponzi scheme, you can stop now.
Levin was behind the Banyon Investors Fund, which drew other hedge funds and investors into Rothstein's scheme at a dizzying pace. Estimates are that Levin helped bring $300 million Rothstein's way -- and Banyon was making outrageous returns in the process.

Levin with wife Sue
It seems clear that Levin drove more money to Rothstein than anyone else. But he didn't do it alone. Levin's chief operating officer at Banyon was Frank Preve, a fellow who had an office at the Rothstein Rosenfeldt Adler firm. Preve also happens to be a convicted felon (bank fraud), according to the lawsuit recently filed by Bill Scherer.
You'd think the 69-year-old Levin would have known better than to hire a criminal to help run his hedge fund. And Levin definitely should have known that the shaky premise and ridiculous returns Rothstein's settlement deals was a fraud.
They say it takes one to know one -- and Levin used to operate a big fraud himself.
When you dig into Levin's past, you find one of the saddest and most outrageous business and legal stories you'll ever see, one that involves a rampant fraud and a veritable martyr named Stuart Rado, a consumer activist federal prosecutors said Levin "literally pursued ... to his





130 comment(s) / Post a Comment












