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June 9, 2010

Lawyer turned Ponzi schemer turned cooperator Rothstein gets federal prison term of 50 years

As detailed in this Reuters report, "South Florida Ponzi scheme mastermind Scott Rothstein was sentenced to 50 years in prison on Wednesday for an investment fraud that bilked clients out of more than $1 billion." Here's more:
The sentence was more than the 40 years federal prosecutors had recommended for Rothstein, a disbarred lawyer who pleaded guilty to racketeering and fraud conspiracy charges in January. He had faced up to 100 years in prison but his lawyer had asked U.S. District Judge James Cohn to give him no more than 30 years.

June 9, 2010 at 11:51 AM | Permalink

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Comments

dummy! never should have told them a thing. took every hidden dime to his grave!

Posted by: rodsmith | Jun 10, 2010 10:03:44 PM

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