Ex-TD Bank Exec Agrees to Plead Guilty in Rothstein Scandal
Former TD Bank executive Frank Spinosa agrees to plead guilty to fraud conspiracy next month for his role in disbarred attorney Scott Rothstein's Ponzi case.
September 28, 2015 at 09:33 PM
1 minute read
Frank Spinosa, a former TD Bank executive accused of being ex-attorney Scott Rothstein's most helpful banker in his $1.2 billion Ponzi scheme, has agreed to plead guilty to fraud conspiracy and would face up to five years in federal prison.
The plea bargain reached Monday with federal prosecutors came about two weeks before Spinosa was set for trial before U.S. District Judge Beth Bloom. The plea change is set for Oct. 8.
Originally charged with six counts, he was facing a potential 20-year sentence per count.
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