Hospital Returns $1 Mil Donation

The scandal surrounding attorney Scott Rothstein's Ponzi scheme has forced him to surrender his law license and a Fort Lauderdale hospital to return his $1 million donation.

Holy Cross Hospital is returning a $1 million donation from attorney Scott Rothstein, who has agreed to surrender his law license in the midst of a federal investigation into a massive Ponzi scheme that authorities suspect him of engineering.

Rothstein's donation was earmarked for an expanded women's center at the Fort Lauderdale hospital, which was going to put his charitable foundation's name on the lobby entrance.

But the scandal over his investment scam, which unraveled in late October as investors alleged Rothstein had stolen hundreds of millions of dollars, compelled the hospital to return his donation, officials said Wednesday.

``In light of the recent allegations involving Scott Rothstein, Holy Cross Hospital has concluded that it should not retain the funds recently gifted to it by the Rothstein Family Foundation,'' the hospital said in a statement.

The donation will be placed in a trust account until hospital officials determine how it should be disbursed. Rothstein's Fort Lauderdale law firm, Rothstein Rosenfeldt Adler, is facing bankruptcy and creditors are lining up to recover their investment losses.

Meanwhile, Rothstein, who has not been charged with a crime, has submitted paperwork to the Florida Bar to surrender his law license.

Full Article and Source:
Hospital Returns $1M Scott Rothsetin Donation

See Also:
Feds Seizing Rothstein's Properties