Federal prosecutors indicted Steven Lippman, a former partner of Scott Rothstein at Rothstein Rosenfeldt Adler, has been indicted in an alleged conspiracy to commit bank fraud and to violate federal election laws. The information charging Lippman with violating the Federal Campaign Act alleges that Lippman schemed with Rothstein “to dramatically increase the stature and political power” of Rothstein’s law firm by making large campaign contributions to several political candidates. The information also alleges that Lippman participated in check kiting and pocketed the excess funds drawn from the inflated checks among his co-conspirators. The information also alleges Lippman defrauded the Internal Revenue Service by failing to report these reimbursements as taxable income. If convicted of all charges, Lippman faces up to five years in federal prison.
Author(s): Brooke P. Dolara
