Scott Rothstein, the flashy Fort Lauderdale attorney who authorities say ran a $1.2 billion investment scam while acting like a philanthropic tycoon, faces up to 100 years in prison if convicted on federal racketeering and other charges. Rothstein, who had fled to Morocco in late October but returned in early November, was arrested Tuesday morning by federal agents and later pleaded not guilty in Fort Lauderdale federal court to the RICO conspiracy and four other charges. Those other offenses are money-laundering conspiracy, mail fraud and two counts of wire fraud.
Federal officials said the financial fraud orchestrated by Rothstein is the largest in South Florida history.
"This case is a glaring example of greed run amok," Acting U.S. Attorney Jeffrey Sloman said at a news conference Tuesday afternoon. "He sought to buy power and influence at the expense of his clients, and instead has potentially bought himself a lengthy prison sentence."
Full Article and Source:
Scott Rothstein Arrested Charged
See Also:
Investors Suing Atty Scott Rothstein
They won't be calling Rothstein flashy when he's wearing the prison garb!
ReplyDeleteThankfully, another one bites the dust! How many more are out there?
ReplyDeleteThis story is going to get bigger and bigger, like the PA "kids for cash" judges.
ReplyDeleteThe higher they are, the harder they fall!
ReplyDeletePossible 100 years in prison for Attorney Scott Rothstein
ReplyDeleteHEEEEE HAAAAAAW
What a scumbag and he is one of how many ???
Go Feds!
I love prosecutions and this one is gonna be a doooozy!
I understand there's a tie in now wiht Rothstein and Judge Larry Seidlin --
ReplyDelete