Topic: Scott Rothstein

Jump to
Latest Headlines

Scott Rothstein News

First Prev Page 1 of 3 Last Next


Scott W. Rothstein (born June 10, 1962) is a disbarred lawyer and the former managing shareholder, chairman, and chief executive officer of the now-defunct Rothstein Rosenfeldt Adler law firm. He was accused of funding his philanthropy, political contributions, law firm salaries, and an extravagant lifestyle with a massive 1.2 billion dollar Ponzi scheme. On December 1, 2009, Rothstein turned himself in to authorities and was subsequently arrested on charges related to the Racketeer Influenced and Corrupt Organizations Act (RICO). Although his arraignment plea was not guilty, Rothstein cooperated with the Government and reversed his plea to guilty of five federal crimes on January 27, 2010. Rothstein was denied bond by U.S. Magistrate Judge Robin Rosenbaum, who ruled that due to his ability to forge documents, he was considered a flight risk.

On June 9, 2010, Rothstein received a 50-year prison sentence after a hearing in federal court in Fort Lauderdale, although federal prosecutors in 2011 filed a motion notifying the court they would be seeking a sentence reduction for Rothstein.

His firm had 70 lawyers and 150 employees, with offices in Boca Raton, West Palm Beach, Fort Lauderdale, Miami, Tallahassee, Florida, New York and Caracas, Venezuela. The firm focused on labor and employment matters, civil rights, intellectual property, internet law, corporate espionage, personal injury, wrongful death, commercial litigation, real estate, mergers and acquisitions, and governmental relations. His client list included: Citicorp, J. C. Penney, Ed Morse Automotive Group, National Beverage, Silversea Cruise Lines, Supra Telecom, and Wells Fargo. Until he was permanently disbarred by the Florida Supreme Court on November 25, 2009, Rothstein was a member of the Florida Bar and admitted by the United States Supreme Court. He had been given an "AV" peer review rating by Martindale-Hubbell.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Scott Rothstein."