FORT LAUDERDALE, Fla. AP - Disbarred attorney Scott Rothstein, whose seemingly unlimited wealth bought palatial homes, exotic cars and mega-yachts, was sentenced Wednesday to 50 years in prison for operating a $1.2 billion Ponzi scheme using faked legal settlements.The sentence imposed by U.S. District Judge James I.
June 09, 2010 at 12:00 AM
1 minute read
FORT LAUDERDALE, Fla. AP – Disbarred attorney Scott Rothstein, whose seemingly unlimited wealth bought palatial homes, exotic cars and mega-yachts, was sentenced Wednesday to 50 years in prison for operating a $1.2 billion Ponzi scheme using faked legal settlements.
The sentence imposed by U.S. District Judge James I. Cohn was below the 100-year maximum Rothstein faced for five felony convictions, including racketeering conspiracy, money laundering conspiracy and wire fraud.
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