DEVELOPING STORY: Scott Rothstein To Plead Guilty In $1.2 Billion Ponzi Scheme

By 7:48 pm Jan 5, 2010

BULLETIN: Scott Rothstein, the Fort Lauderdale attorney charged with racketeering last month and disbarred amid allegations he orchestrated a $1.2 billion Ponzi scheme involving bogus legal settlements, is expected to change his plea to guilty.

Categories: Alleged Ponzi Schemes, The Economy, Uncategorized
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One Response to “DEVELOPING STORY: Scott Rothstein To Plead Guilty In $1.2 Billion Ponzi Scheme”

  1. Tony H
    Jan 6, 2010 at 3:12 pm |

    http://finance.yahoo.com/news/Alleged-Fla-Ponzi-schemer-to-apf-2066133293.html?x=0

    FORT LAUDERDALE, Fla. (AP) — A disbarred South Florida attorney agreed Wednesday to plead guilty later this month to charges arising from an alleged Ponzi scheme that cheated thousands of investors out of $1.2 billion.

    U.S. District Judge James I. Cohn set a Jan. 27 change of plea date for Scott Rothstein, who in December pleaded not guilty to a five-count indictment that includes racketeering, conspiracy and fraud charges.

    Rothstein attorney Marc Nurik said his client, who has been jailed without bail since his Dec. 1 arrest, is focused on returning as much money as possible to investors.

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