Avi Schottenstein News Today

The grandsons lost a bid to force Beverley Schottenstein to negotiate a FINRA award in her favor.

The Schottensteins are one of the last power-broker families in Columbus. But some fear money and entitlement could undermine this enduring dynasty.

But while David Schottenstein admitted to conspiracy to commit securities fraud with Thursday’ s guilty plea in Boston federal court, attorneys for two others facing the same charge as well as aiding and abetting securities fraud say they’ re fighting. On the civil side, the Securities and Exchange Commission filed a complaint against Schottenstein,...

Ninety-five-year-old grandmother spars with two of her grandson over FINRA award payout, refuses to sign gag order.

Beverley Schottenstein isn’t exactly sure when she suspected her grandsons were cheating her.  Perhaps it was when they shredded her bank statements. Or maybe it was when she discovered they had created an email account in her name. Or when she noticed hundreds of thousands of dollars spent from her account.  But by the end of 2018, Schottenstein, a member of one of central Ohio’s most prominent families, was confident something was wrong.  The following year, she made the momentous d...

Florida woman, 94, wins $19 million fraud ruling against JP Morgan, grandsons Beverly Schottenstein, part of an Ohio retail dynasty, had alleged her grandsons had improperly managed her money.     The Financial Industry Regulatory Agency has ruled in favor of a 94-year-old South Florida woman who claims that JP Morgan Securities and her grandsons mishandled her money. [ Photo illustration by ASHLEY DYE and MARTHA ASENCIO RHINE | Times ] Updated Mar. 1 A financial arbitration group has awa...

Beverley Schottenstein accused the bank and the brokers of unauthorized trading of “multiple auto-callable structured notes and various other securities,” among other alleged misconduct.

Finra arbitrators order J.P. Morgan, former brokers to pay $19 million A retailing matriarch won the decision against her grandsons, who invested her money in complex products. J.P. Morgan and the grandsons were also found liable for elder abuse under Florida law. February 8, 2021 2 MINS Finra arbitrators ordered J.P. Morgan Securities Inc. and two former brokers to pay a retailing matriarch $19 million for unauthorized trading of complex products in her account — transa...