Scott Rothstein, the disbarred South Florida attorney accused of running a $1.2 billion investment scam, pleaded guilty to five federal counts including racketeering, fraud and money laundering.Rothstein, who has been jailed without bail since his Dec. 1 arrest, is focused on returning as much money as possible to investors, according to his attorneys. Rothstein's seized assets -- two dozen pieces of real estate, numerous luxury cars, jewelry, bank accounts and more -- are worth between $60 million and $100 million.
Rothstein faces up to 100 years in prison, but attorney Marc Nurik says he hoped to receive a sentence of roughly 20 years in prison. Sentencing is set for May 6th.
After the hearing, Rothstein's wife Kim read a prepared statement to reporters outside the courthouse.
Full Article and Source:
Rothstein Enters Guilty Plea; His Wife Speaks Out
See Also:
Kim Rothstein's Full Statement
6 comments:
Good to see one small piece of this corrupion taken out.
bye bye scott rothstein poster boy for bottom feeders i hope you enjoy your time in a cage stripped of your lawyer costume stripped of all your stolen luxuries all in the name of love of money unending greed i hope the prison food forms a perpetual lump in your throat to remind you of all of the pain and suffering you caused reminding you of your victims for the rest of your life
I love the pic of Rothstein being escorted away.
This is a case of "the higher they are, the harder they fall"
Looking forward to his trial!
Rothstein faces up to 100 years in prison, but attorney Marc Nurik says he hoped to receive a sentence of roughly 20 years in prison.
Sentencing is set for May 6th.
MARK YOUR CALENDARS FOR MAY 6th!
I hope 20 years is not the merciful sentence he gets, Rothstein deserves 50+ years = LIFE IN PRISON, go out feet first on a gurnee.
How many of his victims have or will die impoverished and how many will die prematurely due to the stress of Rothstein's actions?
Even restitution should not cur his sentence from 100 years to 20.
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