The story comes from the Miami Herald. According to the Herald, Rothstein’s friend Ed Morse hired Rothstein to sue an interior decorator for breach of contract. After losing the case, Rothstein is alleged to have told Morse that he won the case and that the interior decorator owed $23 million. To collect on the judgement, Rothstein suggested they seize a Cayman Island’s account belonging to the decorator. The catch is that in order to seize the money, Morse would first have to post a bond for 2.5 times the amount to be seized, or $57 million. In fact, there was no bank account, no court order to seize it, and no bond. Morse handed over the money to Rothstein and appears to have become yet another of his victims.
Here’s hoping Rothstein does the right thing.