Thursday, August 5, 2010

Rothstein Case: Feds Say $188mil Restitution Due

Federal prosecutors have asked a judge to approve more than $188 million in restitution for victims of the Ponzi scheme operated by former Florida attorney Scott Rothstein.

Prosecutors said in a filing last week that they have identified 218 people with legitimate claims. More can be added if they provide proper documentation of losses.

Assets including cash, real estate, houses, boats and jewelry have been seized from Rothstein. But officials say the value is far less than $188 million, so victims will likely only get a portion of their money back.

Full Article and Source:
Feds Say $188 Million Restitution Due in Rothstein Case

2 comments:

  1. Keep seizing Rothstein's assets and pay resitution before paying the lawyers' fees!

    ReplyDelete
  2. Wait and see...after the lawyers have taken their cut, there will be pittence left for the vics.

    ReplyDelete