Home

More Details in Rothstein Story – UPDATED
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

For our original article on the story, click here. Scott Rothstein, founding partner of the Florida firm Rothstein Rosenfeldt Adler , remains incommunicado after taking off last week. He is believed to be in Morocco, and his attorney has said he would return today. The firm has hired a former US attorney to investigate allegations that Rothstein did something improper with an investment vehicle, and has asked the Florida court to dissolve the firm, putting its assets in the hands of a receiver.

Now we have more details on the alleged misconduct of Rothstein. Rothstein is reported to have set up a side business selling shares in settlements. Investors would buy out structured settlements from clients at a discount and in turn receive payments as the structured settlements resolved over time. The problem is that Rothstein may have been selling shares in fictitious settlements and is alleged to have disappeared with anywhere from $200 to $300 million.

Rothstein has been a major contributor to Republican politics in Florida. Ellyn Bogdanoff, a member of the state legislature who was the biggest benefactor of Rothstein’s donations, said today that she would be returning any political donations from Rothstein.

  
What
Where


The firm’s website, rra-law.com is currently blank, and the pages linking to Rothstein are now inactive.

UPDATE:

Rothstein is back in Miami and police have surrounded his firm.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Senior Antitrust Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks Senior Antitrust Associate Attorney with 7 years of experience....

Apply Now

Senior Antitrust Attorney

USA-WA-Seattle

Seattle office of a BCG Attorney Search Top Ranked Law Firm seeks Senior Antitrust Attorney with 9 y...

Apply Now

Patent Attorney

USA-DC-Washington

Washington, D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks Patent Attorney with 1 ye...

Apply Now

RELEVANT JOBS

Closing Attorney

USA-NC-Cherokee

The Uptown Law Firm is seeking Attorney to handle real estate transactions on a per-file basis throu...

Apply now

Family Law Attorney

USA-WA-Everett

EXCEPTIONAL FAMILY LAW ATTORNEY McKinley Irvin is looking for an exceptional family law attorney ...

Apply now

Associate Attorney - Construction Litigation

USA-PA-Lancaster

Woolford Kanfer Law is a busy business law and litigation boutique in Lancaster, Pennsylvania that s...

Apply now

Title Underwriting Paralegal

USA-SC-Greenville

Opening available for a Title Underwriting Paralegal with a law firm in downtown Greenville.  M...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top