Fort Lauderdale Attorney Sentenced to 50 Years in Billion-Dollar Ponzi Scheme Federal Bureau of Investigation (press release)
Fort Lauderdale Attorney Sentenced to 50 Years in Billion-Dollar Ponzi Scheme
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office; and Daniel W. Auer, Special Agent in Charge, Internal Revenue Service (IRS), Criminal Investigation Division, announced today’s sentencing of attorney Scott Rothstein, 47, of Fort Lauderdale, in connection with the operation of a $1.2 billion Ponzi scheme through the defunct Ft. Lauderdale law firm Rothstein Rosenfeldt and Adler, P.A (RRA). Today’s sentence follows Rothstein’s January 27, 2010 guilty plea to one count of conspiracy to violate the racketeering influenced corrupt organization (RICO) statute (Count 1); one count of conspiracy to commit money laundering (Count 2); one count of conspiracy to commit mail fraud and wire fraud (Count 3); and two counts of wire fraud (Counts 4 and 5).