Fraudster Scott Rothstein and his wife owe nearly $10.1 million for unpaid taxes in 2008, according to the Internal Revenue Service. In addition to filing a tax lien against the couple, federal authorities received a judge's approval Wednesday to enter all of Rothstein's 24 properties in Florida, Rhode Island and New York, including the $6.45 million Fort Lauderdale mansion where he once lived.
Rothstein, 47, has traded that big house for the "Big House," pleading guilty in January to running a $1.2 billion Ponzi scheme -- the largest financial fraud in South Florida history. He faces up to 100 years in prison.
All of Rothstein's properties are subject to forfeiture as part of his plea, but those seizures won't take place until after his scheduled May 6 sentencing.
Federal prosecutors now want to enter the homes to determine who's living in them and who's paying rent. They also will be taking the rent money collected by Rothstein's wife, Kim, in recent months. Her attorney has been holding that money in a trust account.
Full Article and Source:
IRS: Rothstein Owes $10 Mil in Taxes
See Also:
Rothstein's Wife Still Controls Properties
6 comments:
Who's gonna get stuck with that bill???????
I just know the Rothstein saga is being scripted for a movie!
You're right, Watching, and you can bet the lawyers will get their pay for sure!
Sell the property and collectibles and pay the victims first, IRS second, and lawyers last.
Wish Florida would agressively go after their own court appointed fraudsters! Oops, I mean court appointed guardians, lawyers and judges who appear to commit financial fraud on a regular basis to the vulnerable seniors in the "Sunshine State".
I agree with StandUp and Lou.
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