Rothstein Associate Sentenced to Prison
|U.S. Attorney’s Office October 03, 2012|
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; Michael B. Steinbach, Acting Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office; and Jose A. Gonzalez, Special Agent in Charge, Internal Revenue Service-Criminal Investigation Division (IRS-CID), announce today’s sentencing of William Boockvor, 67, of Deerfield Beach. At today’s hearing, U.S. District Judge Kenneth A. Marra sentenced Boockvor to 48 months in prison, to be followed by three years of supervised release. As part of his sentence, Boockvor was also ordered to pay restitution in the amount of $166,081,150.37.
On February 9, 2012, Boockvor pled guilty to conspiracy to commit wire fraud, in violation of Title 18, United States Code, Section 371. Boockvor, a former employee of Rothstein, Rosenfeldt, and Adler P.A. (RRA), performed various administrative functions, including bookkeeping responsibility for the firm’s operating account.
According to filed documents and statements made in court, Boockvor, in furtherance of a fraudulent investment scheme being operated at RRA, would provide to employees of TD Bank fraudulent bank balance statements that falsely reflected the balances of trust accounts held by RRA at TD Bank. In addition, he would assist employees of TD Bank in preparing envelopes containing the fraudulent bank balance statements along with cover letters stating that the stated balances were accurate when, in fact, they were not. Employees of TD Bank would thereafter provide those envelopes containing the fraudulent bank balance statements to Rothstein in the presence of investors or their representatives, thus inducing the investors or their representatives into believing that balances existed in the accounts sufficient to fund their investments when, in fact, they did not. Similarly, Boockvor would provide to a co-conspirator posing as a TD Bank employee fraudulent bank balance statements that falsely reflected the balances of trust accounts at TD Bank. Subsequently, that co-conspirator would provide the fraudulent bank balance statements to investors or their representatives.
Mr. Ferrer commended the investigative efforts of the FBI and the IRS-CID. This case is being prosecuted by Assistant U.S. Attorneys Lawrence D. LaVecchio, Paul F. Schwartz, and Jeffrey N. Kaplan.
A copy of this press release may be found on the website of the United States Attorney’s Office for the Southern District of Florida at http://www.usdoj.gov/usao/fls.