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$10.1M tax bill for imprisoned attorney

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


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