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Scott W. Rothstein | |
|---|---|
| Born | June 10, 1962 |
| Alma mater | Nova Southeastern University's Law School - Shepard Broad College of Law |
| Occupation | Attorney (disbarred) |
| Criminal status | Incarcerated at undisclosed federal prison |
| Conviction(s) | January 27, 2010 (pleaded guilty) |
| Criminal charge | Racketeering, fraud, conspiracy |
| Penalty | 50 years in federal prison |
Scott W. Rothstein (born June 10, 1962) is an American disbarred lawyer, convicted felon, and the former managing shareholder, chairman, and chief executive officer of the now-defunct Rothstein Rosenfeldt Adler law firm. He funded an extravagant lifestyle with a $1.2 billion Ponzi scheme, one of the largest such in history.[1][2]
On December 1, 2009, Rothstein turned himself in to authorities and was subsequently arrested on charges related to the Racketeer Influenced and Corrupt Organizations Act (RICO).[3] Although his arraignment plea was not guilty, Rothstein reversed his plea to guilty of five federal crimes on January 27, 2010.[4] Rothstein was denied bond by U.S. Magistrate Judge Robin Rosenbaum, who ruled that due to his ability to forge documents, he was considered a flight risk.[5] He was sentenced to 50 years in federal prison.
- ^ Ferek, Katy (June 22, 2019). "For Ponzi Victims, the Aftermath Is Long". The Wall Street Journal. Retrieved September 11, 2019.
- ^ Maglich, Jordan (August 31, 2014). "On Fifth Anniversary Of Rothstein's $1.2 Billion Ponzi Scheme, Questions Remain". Forbes. Retrieved September 11, 2019.
- ^ "Scott Rothstein Charging Document". Scribd.com. Retrieved 2010-05-16.
- ^ Koppel, Nathan (2010-01-27). "Rothstein Pleads Guilty to Ponzi Scheme". Wall Street Journal. Retrieved 2010-05-16.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2009-12-06. Retrieved 2009-12-02.
{{cite web}}: CS1 maint: archived copy as title (link)