Prosecutors Call Scott Rothstein the Biggest Scammer in South Florida History

He once graced the society pages of local newspapers and gave big to Florida politicians, but on Tuesday, Fort Lauderdale attorney Scott Rothstein was arrested on federal fraud charges, accused of running a $1.2 billion mini-Madoff Ponzi scheme. If convicted, he could be sentenced to up to 100 years in prison. "He spent his clients' money on real estate, cars, yachts, politics and philanthropy, all to create the illusion that he was hugely successful," said Jeffrey Sloman, acting U.S. Attorney...Full Story
Commenting on this article is closed.