Tuesday, June 2, 2015

Bekkedam, ex-Main Line investor, sued for 'scheme' role (new link)

Ex-Main Line basketball great Barry Bekkedam has been asked to answer a civil complaint by disappointed investors in the Scott Rothstein pyramid scheme

Bekkedam, ex-Main Line investor, sued for 'scheme' role (new link)

Former Main Line money manager and Villanova and Archbishop Carroll ballplayer Barry Bekkedam, who built his Ballamor Capital into a $2 billion-asset private-equity and securities firm with a national client list at its peak, has been named a defendant in an investors' civil lawsuit against confessed Florida fraudster Scott Rothstein. Inquirer story here.   S. Florida Business Journal here.

Bekkedam, who left his Newtown Square family and moved to the Palm Beach area last year, has said his clients lost millions with Rothstein but denied wrongdoing; he said he was trying to help get their money back.

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at JoeD@phillynews.com, distefano251@gmail.com, 215.854.5194 or 302.652.2004.

Reach Joseph N. at JoeD@phillynews.com or 215 854 5194.

Joseph N. DiStefano