The SEC filed an injunctive action against Michael Rothenberg for operating a “Prime Bank” scheme through Four Five, LLC, a company he controlled - that fraudulently induced investors to participate in a secret and allegedly risk-free trading platform or trading facility. 

It's alleged that, between at least February and March 2010, Rothenberg represented that this trading platform or trading facility purportedly involved transactions among international banks that would generate substantial return on a recurring basis.  Specifically, it would produce returns in excess of 300% every 14 days.  Investors were assured - both orally and in writing - that the investments were risk-free because a majority of funds would remain in Rothenberg’s attorney trust account and returned to investors at the conclusion of the trades. 

However, contrary to these representations, Rothenberg began disbursing investor funds within days of their receipt.  Between March 2010 and October 2010, at least $210,000 were transferred to a bank account designated for contributions to Rothenberg’s judicial election campaign.  He used another $190,000 for personal expenses.  And, although Rothenberg ultimately returned some $910,000 to investors, the defendants are charged with misappropriating at least $800,000 of investor funds.  The case is:  SEC v. Michael L. Rothenberg, et al., Case No. 1:11-CV-1803 (N.D. GA.   [SEC Litigation Rel. 21985, 6/2/11]