Michael I. Goldberg
Michael I. Goldberg
Partner 
Chair, Bankruptcy & Reorganization Practice Group
350 East Las Olas Boulevard
Suite 1600
Fort Lauderdale, FL 33301
 
Tel:
954.468.2444
Fax:
954.463.2224
 
 

Michael Goldberg is the Akerman Bankruptcy & Reorganization Practice Group Chair. He has been qualified as an expert witness on Ponzi schemes in several district court cases. He has testified as an expert witness on Ponzi schemes in several cases in the District Court for the Southern District of Florida. Michael has appeared on national news programs such as CNN, CNBC, Fox News, National Public Radio (NPR), and numerous local NBC, ABC, CBS, and Fox affiliates on Ponzi schemes and receiverships. He has also been quoted on Ponzi schemes and receiverships in national publications such as Bloomberg's, Forbes, People Magazine, The Wall Street Journal, The New York Times, The Miami Herald, the Sun Sentinel, and numerous other publications.
 

 
Bankruptcy Work and Representative Clients
 
Liquidating Trustee of Rothstein Rosenfeldt Adler Liquidating Trust responsible for overseeing all distributions to creditors and handling litigation on behalf of the Liquidating Trust resulting in a one hundred percent payout to all general unsecured creditors.
 
Represented the Official Committee of Unsecured Creditors in the Rothstein Rosenfeldt Adler bankruptcy case involving the liquidation of a law firm engaged in a $1.2 billion Ponzi scheme.
 
Represented Blackfin Yacht Corporation, a large manufacturer of sport fishing boats, in its Chapter 11 filing culminating in a sale of substantially all of its assets.
 
Represented Samsung Electronics of America in bankruptcy cases throughout the United States including the Circuit City, Tweeter and Ultimate Electronics cases.
 
Represented AutoNation, the largest automobile dealership in the United States, in the ANC Rental bankruptcy in Delaware in connection with large avoidable transfer claims made against AutoNation arising out of its spin-off of Alamo and National Car Rental.
 
Represented HIG Capital in connection with its purchase of Supra Telecom pursuant to a buyer sponsored plan of reorganization.
 
Represented Parkstone Medical in its Chapter 11 case which culminated in the sale of substantially all of its assets pursuant to Section 363 of the Bankruptcy Code.
 
Represented the Chapter 11 Trustee of the Louis J. Pearlman and Transcontinental Records estates. Pearlman, who was the creator and the manager of such musical groups as the Back Street Boys and 'NSYNC, was convicted of running a $500 million Ponzi scheme victimizing hundreds of investors.
 
Represented Republic Services, Inc., a large waste company, in the purchase of a waste transfer station pursuant to Section 363 of the Bankruptcy Code.
 
Represented the Trustee of Omni Capital, Ltd., a company engaged in a $50 million Ponzi scheme. Responsible for litigating dozens of "claw-back" suits to recover fraudulent transfers of profit to investors.
 
Co-counsel to Commerzbank of Germany in defending the bank in a multi-million dollar fraudulent transfer claim brought by the Trustee in connection with the Sentinel Funds case. The case involved novel issues of international jurisdiction and banking law.
 
Co-counsel to a lending syndicate consisting of 28 banks and hedge funds in defending a $675 million fraudulent transfer claim brought by the creditors' committee in the TOUSA bankruptcy case.
 
Counsel to the Quail West and Tesoro Homeowners Associations in the Ginn bankruptcies. Responsible for protecting the interests of the homeowners in connection with 363 sales of the uncompleted real estate projects to new developers.
 
Co-counsel to a steering group of term lenders in the Fontainebleau Las Vegas case.
 
Represented South Motors Corporation and its affiliates, consisting of 17 car dealerships in their Chapter 11 bankruptcies. Approximately seven of the dealerships were sold pursuant to a 363 sale and the remaining dealerships were reorganized pursuant to a plan of reorganization.
 
 
Receivership Work
 
Receiver, Federal Employee Benefits Group, Inc. and F&S Asset Management, Inc. - Appointed receiver by Chief Judge of the United States District Court for the Southern District of Florida at the request of the Securities and Exchange Commission over entities engaged in a $50 million Ponzi scheme which victimized approximately 300 FBI, DEA, and ICE agents in connection with non-existent bond fund.
 
Receiver, Worldwide Entertainment, Inc.; The Entertainment Group Fund, Inc.; and American Enterprises, Inc. - Appointed Receiver by the United States District Court for the Southern District of Florida over a group of entertainment companies, including the world's second largest independent concert promoter, to operate and liquidate diverse entertainment assets, including venues, shows, movies and other intellectual property, in order to repay approximately 3,750 investors owed more than $300 million.
 
Receiver, University Lab Technologies, Inc. - Appointed Receiver by the United States District Court for the Southern District of Florida over a company engaged in the manufacturing and distribution of natural herbal remedy products which raised money from dozens of investors in violation of federal securities laws.
 
Receiver, Berman Mortgage Corporation - Appointed Receiver by the Circuit Court in Miami, Florida over a large mortgage origination business with approximately 650 investors and total mortgages and/or real estate developments valued at more than $200 million.
 
Receiver, MAMC Incorporated - Appointed Receiver by the Circuit Court in Miami, Florida over a business engaged in the servicing of more than $200 million in mortgages on behalf of approximately 650 lenders.
 
Receiver, Service Five Investments, Inc. - Appointed Receiver by the Circuit Court in Miami, Florida over a company engaged in making loans to active military personnel. At the time of appointment, the company had debts of $36 million. A plan of distribution was approved by the Eleventh Judicial Circuit Court in Miami, Florida which will result in creditors receiving an approximate 85% distribution.
 
Receiver, Ware Enterprises and Investments, Inc. - Appointed Receiver by the United States District Court for the Middle District of Florida over an investment firm engaged in a $30 million dollar Ponzi scheme.
 
Receiver, Par Three Investments, Inc. - Appointed Receiver by the United States District Court for the Southern District of Florida over a company engaged in a $10 million Ponzi scheme.
 
Receiver, AB Financing & Investments, Inc. - Appointed Receiver by the United States District Court for the Southern District of Florida over a company engaged in a $80 million Ponzi scheme. Responsible for liquidating six large commercial properties including hotels and office buildings.
 
Receiver, The Cyprus Fund and related companies - Appointed Receiver by the United States District Court for the Southern District of Florida over a group of companies operating a $100 million Ponzi scheme. Responsible for operating corn and soybean farms and liquidating vast real estate holdings throughout Ohio and Florida.
 
Receiver, Home Equity Mortgage Corporation - Appointed Receiver by the Circuit Court in Miami, Florida over a company engaged in the business of originating and servicing over $200 million in mortgages on behalf of approximately 800 investors.
 
Receiver, Discovery Capital Group, LTD. - Appointed Receiver by the United States District Court for the Southern District of Florida over a securities brokerage firm accused of defrauding millions of dollars from hundreds of investors throughout the United States and Europe.
 
Receiver, Wealth Pools International, Inc. and Recruit for Wealth, Inc. - Appointed as substitute receiver by the United States District Court for the Middle District of Florida in a $136 million Ponzi scheme case involving 15,000 victims.
 
Receiver, Sterling Wentworth Currency Group, Inc. and LaSalle International Clearing Corporation - Appointed receiver at the request of the CFTC by the United States District Court for the Southern District of Florida in a $36 million Ponzi scheme involving FOREX trading.
 
Counsel to the Receiver of Biscayne Landing, LLC., a 200 acre multi use real estate development.
 
Represented the Receiver in Premium Sales, a $250 million Ponzi scheme.
 
Represented the Receiver of Omni Capital Ltd., a $50 million Ponzi scheme.
 

The Best Lawyers in America 2006-2014, Listed in Florida for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law and Litigation - Bankruptcy
 
South Florida Legal Guide Top Lawyers 2004-2014, Listed for Bankruptcy, Creditors Rights
 
Daily Business Review, Most Effective Lawyer in Bankruptcy, Winner, 2013
 
The Best Lawyers in America 2013, Named as "Lawyer of the Year" for Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law in Miami
 
Super Lawyers Magazine 2007-2013, Listed in Florida for Bankruptcy & Creditor/Debtor Rights
 
Chambers USA 2006-2013, Ranked in Florida for Bankruptcy/Restructuring
 
Florida Trend's Legal Elite 2005-2011, 2013, Listed for Bankruptcy & Workout
 
Super Lawyers Magazine 2010, Listed in Florida as a "Top 100 Lawyer"
 
BTI 2007, Listed as a Client Service "All-Star"
 
Paul J. Liacos Scholar; G. Joseph Tauro Scholar
 
Martindale-Hubbell, AV Rated
 

Central Florida Bankruptcy Law Association, Speaker, "Liquidating Ponzi Schemes," October 2012
 
C5l Fraud, Asset Tracing and Recovery Conference, Speaker, "Miami Vice - Unravelling the $1.2 Billion "Rothstein" Ponzi Scheme," October 2012
 
Turnaround Management Association, Speaker, "Liquidating Ponzi Schemes," October 2010
 
North American Securities Administrator Association's (NASAA) 25th Annual Public Policy Conference, Speaker, "Overview of Receivership and Ponzi Schemes," Audience Included State and Federal Regulators from the United States and Canada, April 2010
 
Turnaround Management Association, Speaker, "Mopping Up After Madoff," 2009
 
Broward County Family Law Bar, Speaker, "Bankruptcy Law Issues for the Family Law Practitioner," December 2005
 
Stetson University College of Law and the Florida Bar, Faculty Speaker, "The Ins and Outs of the New Reformed Code-Minefields for the Unwary Special Topics Under Bankruptcy Reform," August 2005
 
Stetson University College of Law Seminar, Faculty Speaker, "Previewing the Bankruptcy Reform Act," August 2005
 
Turn Around Management Association, Annual South Florida Dinner, Speaker, "Trustees and Receiver's Responsibility for Preserving Computer Evidence in Bankruptcy and Receiverships," 2005
 
Daily Business Review, Author, "Florida to Remain a Haven for Debtors," March 30, 2005
 
Florida Medical Business, Author, "Road Map For Dealing With Your PPM When It Careens Towards Bankruptcy"
 
South Florida Business Journal, Author, "Buying Assets from Bankrupt Businesses," May 2002
 
Daily Business Review, Author, "When Bankruptcy Looms: Deciding If Patient Can Be Saved Or Read Last Rites," March 23, 1998
 
The Florida Bridge The Gap Seminar, Speaker, 1995 and 1996
 
As a law clerk, assisted in writing a book on exemptions for PLI and his portion of Colliers, dealing with Leverage Buyouts and Fraudulent Transfers; also wrote a thesis receiving the highest honors on this particular issue, in an article entitled "Fraudulent Transfer Laws, Are They In Need Of Repair?"
 

The Florida Bar, Member
 
Broward County Bar Association, Member
 
New York State Bar Association, Member
 
Bankruptcy Bar Association of the Southern District of Florida, Member
 
American Bar Association, Member
 
FBI Citizens Academy Graduate, 2008
 

Associated News, Events and Publications
News


Michael I. Goldberg


Bankruptcy & Reorganization

J.D., Boston University School of Law, 1990; magna cum laude
M.B.A., New York University, 1987
B.A., Boston University, 1985; History

Florida
New York
 
 
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