Picture of Ross B. Intelisano

Ross B. Intelisano

Ross B. Intelisano is a partner of the law firm of Rich & Intelisano, LLP which represents individual and institutional investors in securities arbitration and litigation against financial institutions. He also represents commodities investors, as well as employees in industry disputes and self-regulatory organization investigations. Mr. Intelisano has extensive experience in large and complex securities and commodities fraud cases on behalf of investors worldwide. He has prosecuted claims against brokerage firms, banks, hedge funds, investment advisors, trust companies and other financial firms. Mr. Intelisano is a leading authority on securities fraud and Ponzi schemes and is a frequent televison and print commentator.

Mr. Intelisano and his firm pioneered the practice of representing groups of individuals and institutions in customer arbitrations related to hedge fund fraud. The Firm presently represents investors who lost over $50 million in group arbitrations at FINRA against Bear Stearns related to the Bear Stearns High Grade Structured Credit Strategies hedge funds which blew up in July 2007. The Firm also currently represent groups of investors who have claims against investment advisors and financial consultants for failing to do proper due diligence in their recommendation of Bernard Madoff-related feeder funds.

The Firm presently represents the entire Bayou bankruptcy estate in a $20 million FINRA claim against Goldman Sachs and represents numerous investors in substantial arbitrations against Citigroup’s Smith Barney unit related to the ASTA/MAT and Falcon hedge funds.

Starting in 2005, Mr. Intelisano’s firm represented investors who lost over $25 million in the $300 million Bayou hedge fund Ponzi scheme run by convicted fraudster Sam Israel. In 2007, the Firm settled a multi-million dollar group arbitration at the American Arbitration Association (AAA) related to Bayou versus a registered investment advisor for failing to do proper due diligence. In 2005, Mr. Intelisano obtained favorable settlements on behalf of clients who invested with Kevin Kelley, a Connecticut hedge fund owner and Ponzi scheme artist.

Mr. Intelisano and his partner John G. Rich were co-trial counsel in the Engel, et al. v. Refco commodities fraud case at the National Futures Association (NFA). The 100-day group arbitration on behalf of 13 individuals and family run businesses generated a $43 million award in 2001. It remains the largest collected arbitration award ever rendered on behalf of retail investors against a brokerage firm.

Mr. Intelisano has appeared on the television news programs the Today Show, Dateline NBC, Anderson Cooper 360, PBS’s Frontline, Closing Bell with Maria Bartiromo and various other CNBC, CNN, NBC, CBS, ABC, and Fox Business News programs regarding securities and hedge fund fraud. He has been quoted extensively by the Wall Street Journal, New York Times, Financial Times, USA Today, Business Week, Vanity Fair, Bloomberg, Dow Jones and other financial publications.

In 2006, Mr. Intelisano published, Hedge Fund Fraud - The Future of Securities Arbitration? in Bloomberg Law Reports - Securities Arbitration. Said article predicted one year prior to the Bear Stearns High Grade Funds blow up that broker-dealers would roll out proprietary hedge funds that were bound to blow up in the future which would cause customer arbitrations against broker-dealers. He has written various articles for the Practicing Law Institute’s Securities Arbitration course handbooks, the seminal securities arbitration continuing legal education program. Mr. Intelisano is a frequent lecturer on hedge fund fraud and securities fraud at the Association of the Bar of the City of New York, the New York State Bar Association and other bar associations. He is also an arbitrator at FINRA and NFA.

Mr. Intelisano formed Rich & Intelisano, LLP in 2003 with John G. Rich. From 2001 to 2003, Mr. Intelisano was of counsel to Bauman Katz & Grill, LLP, where he headed the firm’s securities and employment arbitration and litigation practice, handled NASD and NYSE securities arbitrations on behalf of investors and broker-dealers, and represented employees in employment disputes, SRO investigations and registration disputes. Prior to that, Mr. Intelisano was an associate at Eppenstein and Eppenstein where he represented high net worth individuals in large and complex securities and commodities arbitrations. He began practicing securities and employment law at Pressman & Associates.

Mr. Intelisano received a B.A. in International Business from Lehigh University in 1991 and his law degree from Brooklyn Law School in 1994. He was admitted to the New York State Bar in 1995 and the U.S. District Court, Southern District of New York and Eastern District of New York in 1998. He is a member of the Association of the Bar of the City of New York, New York County Lawyers Association, Public Investors Arbitration Bar Association, Columbian Lawyers Association, First Judicial Department and Gotham City Networking Group.