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U.S. markets recover from steep losses
MIAMI, Dec. 22 (UPI) -- Convicted Ponzi operator Scott Rothstein in Florida said his law partners, bribed bank officials and others helped him carry out his $1.4 billion fraud scheme.
In a massive, 400-page deposition describing the scheme for which Rothstein was sentenced to a 50-year jail term, the former attorney said "There is a very large category of people that fell within … what we fondly refer to as living the rock star or Rothstein lifestyle," The South Florida Sun Sentinel reported Thursday.
Rothstein said his former partners Stuart Rosenfeldt and Russell Adler and seven other attorneys allegedly were involved in the scheme.
Attorneys representing Rothstein's former partners denied their clients were involved in the scheme. Attorney David Weinstein, representing yet another lawyer, Ken Padowitz, well known as a former Broward County homicide prosecutor, said his client's reputation "speaks for itself."
On the flip side, "Rothstein has lived a complex series of lies to prop up his scam," Weinstein said.
"Scott Rothstein's reputation for dishonesty speaks for itself," he said.
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