Enter your email address and start getting breaking law firm and legal news right now!
Rothstein to Face Criminal Charges
Scott Rothstein, the Florida attorney whose alleged ponzi scheme has been chronicled here over the last two weeks, will be charged today with criminal racketeering according to a story from the AP. The government has already initiated seizures of his property, including a large and valuable car collection and a New York condo in the same building as the one seized from Marc Drier.
Rothstein is accused of operating a ponzi scheme based on selling shares in structured payouts from fictitious lawsuits. The FBI has estimated the proceeds from the fraud at $1 billion.