The unfolding fraud scandal involving high-rolling South Florida lawyer Scott Rothstein raises questions about the nature of structured settlements. Did Rothstein manipulate these financial arrangements to his advantage or concoct something else entirely?
As The Am Law Daily and sibling publication the Daily Business Review have previously reported, Rothstein is implicated in a scheme that the FBI estimates could cost thousands of investors $1 billion. Those investors are now running to lawyers across South Florida, and some of them are trying to force Rothstein’s 70-lawyer Fort Lauderdale firm into bankruptcy. (While Rothstein has yet to be criminally charged, the lawyer has sought to reassure investors that he’s “gonna do the right thing.”)
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