Florida Trend Web Jan 2014 : Page 32

> Southeast BUSINESS BRIEFS BOCA RATON — Porn publisher and matchmaking website company FriendFinder Network , which had the worst IPO debut of 2011, filed for Chapter 11 protection. investors in the scheme headed by Rothstein, a since-disbarred lawyer now serving a 50-year prison sentence, by providing misleading documents and false statements about Rothstein accounts at the bank. Spinosa awaits trial. >> Stonegate Bank acquired Pompano Beach-based Florida Shores Bancorp and its subsidiaries Florida Shores Bank-Southeast and Florida Shores Bank-Southwest in a deal valued at $48.8 million, increasing Stonegate’s assets of $1.7 billion. FORT LAUDERDALE — Robotic-assisted surgery company Mako Surgical was acquired by Michigan-based Stryker for $1.65 billion, or $30 per share, in cash. >> Founder, principal and vice president Steven Steiner, 61, a defendant in the viatical settlements Mutual Benefits Corp. fraud case, received 15 years in prison for money laundering and obstruction of justice in using and concealing more than $15 million derived from the fraud. The MBC fraud involved life insurance policies MBC bought from AIDS patients, the chronically ill and elderly that were then broken up into interests and the death benefits sold to 30,000 investors. Investors lost more than $750 million. Steiner awaits trial on other charges. >> TD Bank agreed to pay $52.5 million to settle federal civil charges that the bank and former TD regional vice president Frank A. Spinosa violated securities laws in the Scott Rothstein billion-dollar Ponzi scheme. TD and Spinosa allegedly defrauded PROFILE USARAD.com Dr. Michael Yuz founded teleradiology company USARAD.com in New Jersey in 2008. The company sells 24/7 access to radiologists and cardiologists who interpret MRIs, X-rays, EKGs, sonograms, CT scans, mammography and other tests for imaging centers, hospitals and other care providers. In May in Fort Lau-derdale, Yuz launched a business-to-consumer model called SecondOpinions.com, which charges consum-ers $29 to $99 to have a cardiologist or radiologist review a test. Consumers upload their scans or X-rays to the company’s site. The company then has them read by a radiologist or cardiologist. If a consumer wants to consult with a specialist other than a radiolo-gist, the charge is $49 for five minutes over the phone or internet. Yuz won’t disclose revenue but says the company is cash-flow positive. Yuz says later this year the New Jersey office will close and the company will consoli-date operations, probably in Miami. PLANTATION — RealAuction.com , a 44-employee company that provides auction services for county court clerks and governments around Florida, filed for Chapter 11 protection after losing an $8.1 million patent-infringement judgment. RIVIERA BEACH — Environmental products maker RGF Environmental Group acquired the assets of AFL Industries, a maker of wastewater treatment equipment. AFL was founded by June Martino, a former secretary and bookkeeper to McDonald’s founder Ray Kroc. She moved AFL from Chicago to Riviera Beach in 1979. STUART — The Office of the Comptroller of the Currency lifted its enforcement orders against Seacoast National Bank , the subsidiary of Seacoast Banking Corp. of Florida. The company now will better be able to implement its growth strategy and enhance service, the company says. physician group in Mount Kisco, N.Y. >> Spirit Airlines appointed John Bendoraitis , former president of Comair Airlines, senior vice president and COO. >> Riviera Point Development Group hired development and construction executive Noel Epelboim , founding member of Caracas-based Constructora Arquinpro, as COO and vice president as the company looks to expand. Players SUNRISE — New York TAMARAC — Furniture retailer City Furniture opened its first central Florida stores in November, two showrooms in The Villages, taking over existing Southern Lifestyles and Showcase Direct furniture stores owned and operated by a company affiliated with The Villages developer. WESTON — American Express closed its Weston office, laying off 300 and moving 100 others to Plantation. John Bendoraitis businessman Vincent Viola purchased the NHL Florida Panthers for $250 million. >> Mednax acquired its eighth doctor practice last year, an anesthesiology 32 JANUARY 2014 FLORIDATREND.COM

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