Seeking Alpha

Robert Rex's  Instablog

Robert Rex
Send Message
This blog is written by Robert H. Rex, Esq. who is a securities attorney and a passionate advocate for investors rights. With over 30 years of legal experience, 25 of which have dealt almost exclusively with the recovery of stockmarket and investment losses for mostly elderly clients, he and his... More
My company:
Rex Securities Law
My blog:
Rex Investment Loss Recovery Blog
  • Two Indicted-Two Plead Guilty In $275 Million Medical Receivables Fraud  1 comment
    Sep 12, 2013 10:41 AM

    by Robert H. Rex, Esq.

    On September 5th, 2013, the FBI Baltimore Division issued a press release announcing the arrest of Richard Shusterman, age 50, of Highland Beach, FL, and Jonathan Rosenberg, age 44, West Orange, NJ, in connection with a scheme to defraud investors in medical accounts receivable.

    The announcement, which can be accessed here, discloses the guilty pleas of two participants in the fraud, Robert Feldman, age 65, of Beach Haven, NJ, and Douglas Kuber, age 53, of Livingston, New Jersey. Feldman and Kuber each face a maximum sentence of 20 years in prison. Sentencing for the two will occur in the coming months.

    The participants in the fraud utilized a number of companies to perpetrate a complex Ponzi scheme that defrauded investors, including Platinum Partners hedge fund, of more than $275 million.

    The companies used to perpetuate the fraud are:

    • International Portfolio, Inc.
    • United Consulting, Inc.
    • Accounts Receivable Services, LLC

    If you invested in this scheme based upon the advice or recommendation of your stock broker or investment adviser, you may be able to recover damages through FINRA arbitration. Call to speak with an experienced securities attorney to discuss your legal rights.

    Nationwide representation.

    Rex Securities Law

    561 391 1900

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Back To Robert Rex's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • Justice4
    , contributor
    Comment (1) | Send Message
     
    Folks there is something that was not mentioned in this article! Robert (Bobby) Feldman also ripped off and stole some of his millions of dirty dollars from his own family members that trusted him when he went to them for investment money! One of them was sick and dying with cancer! These are family members that cared about him and he was close to since his own childhood! This makes him the lowest scum of lowlifes possible! Because of this he should get the opportunity to burn in hell while sitting in jail until he rots while ALL OF HIS ASSETS are taken from him to pay back his heartbroken family members as well as the rest of the people he stole hard earned money from! No deals should be cut for BOBBY FELDMAN because of this! Are you reading this FBI?
    5 Jan 2014, 01:21 AM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.