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.

We are a 501(c)(3) organization. All donations are tax deductible.

Unsubscribe [email protected] from this list (or change email to a different address)

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

More Headlines

Though FL grand jury said feds committed no COVID-19 crimes, DeSantis unleashes new AG Uthmeier on Dr. Fauci

Now the ethics commission's more serious case against Broward Sheriff Tony is circling the drain

Proposed laws would allow billions in Florida retirement, other funds to be invested in risky Bitcoin

Judge Shull of Palm Beach family court slammed for gender bias by four angry mothers