Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

$10.1M tax bill for imprisoned attorney

|
|
 
  
Published: March. 4, 2010 at 9:27 AM
Advertisement

MIAMI, March 4 (UPI) -- Admitted Ponzi scheme operator Scott Rothstein owes $10.1 million to the IRS for one year alone, 2008, court papers filed in Florida contend.

The IRS said Rothstein, who is awaiting sentencing after pleading guilty to running a $1.2 billion investor fraud, paid himself a salary of $36 million in 2008, when he was the chief executive officer of the law firm Rothstein Rosenfeldt Adler.

In 2009, he paid himself $10.5 million, The South Florida Sun-Sentinel reported Thursday.

In court, a judge granted permission for federal agents to enter -- using a locksmith, if necessary -- all 24 of Rothstein's properties, including a $6.5 million mansion in Fort Lauderdale, Fla.

Federal authorities will seize the properties when Rothstein is sentenced May 6. Until then, authorities are trying to determine what rents are being collected.

The rent money is currently held in an account set up by Scott Saidel, an attorney representing Rothstein's wife, Kim Rothstein.

Topics: Rothstein Rosenfeldt Adler
Recommended Stories
© 2010 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Additional Business News Stories
1 of 25
Rare visitors from the Artic,  Snowy Owls, make appearance in Grays Harbor County.
View Caption
fark
Good News: Researchers invent vaccines to prevent heroin, cocaine, and meth addiction. Bad News:...
"Institutionalizing juveniles and branding this as criminal behavior rather than dealing with it...
A handy guide to completing a collection of the most useless, disgusting things ever created by...
It's one thing to steal a microwave, it's another to steal a microwave tower
Helicopter parents are now following their children from college to the workplace. Say what you...
Having seen the successes of the past decade, 49% of Americans support bombing Iran to prevent them...