Lawyer Scott Rothstein was living high back in 2006. The Bronx-born boy turned Florida legal eagle led the life of the .1 percenter, which, in his words consisted of “the ability to do whatever you want, whenever you want, wherever you want, by whatever means you can think of.”
Back in 2009, Mr. Rothstein, however, his house of cards came crashing down when the feds caught wind of his side project, a “structured settlement” plot that evolved into a $1.2 billion Ponzi scheme. Now serving a fifty-year sentence in a Floridian federal penitentiary, another house in Mr. Rothstein’s once stacked deck has disappeared: a home once belonging to Mr. Rothstein, then seized by the U.S government, has sold for $5.09 million, city records show.
An alleged gangster helped launder ill-gotten money for Scott Rothstein, the Florida lawyer who in December of 2009 turned himself in and in January copped to charges of wire fraud and conspiracy to launder money in connection with a $1.2 billion Ponzi scheme he ran, Bloomberg reports.
Roberto Settineri on Wednesday pleaded guilty to a charge of money laundering conspiracy and got Read More
Earlier this month, a very wealthy and very Republican slice of Florida society was thrown into a very sweaty panic when the multimillionaire attorney Scott Rothstein was accused of running a Ponzi scheme that could total more than a billion dollars. Even though Mr. Rothstein, a spiky-haired and alligator-shoed Lamborghini driver, has said Read More