Pension fund accuses Panthers owner Viola, partner Cifu of stealing $400 million owed to investors in Virtu Financial



Florida Panthers owner and chairman Vincent Viola, left, and Vice Chairman Doug CIfu. Both men are also partners in Virtu Financial. Photo: Florida Panthers

By Dan Christensen, FloridaBulldog.org

Vincent Viola, the multi-billionaire owner of the Stanley Cup champion Florida Panthers, is the principal defendant in a class-action lawsuit alleging he used his control of Virtu Financial Inc. to divert more than $400 million in cash from Virtu’s stockholders to “himself and his confederates.”

“And the harm is ongoing,” says the complaint brought by Iron Works Local No. 55 Pension Fund of Toledo, OH.




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Pension fund accuses Panthers owner Viola, partner Cifu of stealing $400 million owed to investors in Virtu Financial
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