Legal Services of Greater Miami, and Legal Aid Service of Broward County, will divide nearly $193,000 of unclaimed money from distributions made to victims of Cash 4 Titles RICO criminal enterprises. Each organization will receive $96,130.33.
On the recommendation of coclass counsel Lawrence A. Kellogg, of Levine Kellogg Lehman Schneider + Grossman, Miami, and Gordon Dobie, of Winston & Strawn, Chicago, the judges overseeing the case, District Court Judge James Cohen, and Magistrate Edwin Torres ordered that the remaining funds for the class be split equally between the two legal aid groups serving South Florida.
These funds are unclaimed settlements from a class action lawsuit arising out of a large RICO enterprise scheme run by Cash 4 Titles during the 1990s. The scam was shut down by regulators in 1999. They said that the scheme defrauded 2,500 lenders of $315 million. Cash 4 Titles stole money from lenders to use in criminal enterprises under the multi-layered scheme.
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