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  • Convicted Con Man Scott Rothstein Tells All!

    From businessweek.com

    Read Full Story at businessweek.com

    “All Ponzi schemes do the same thing: They explode at the end,” says convicted con man Scott Rothstein. While his $1.2 billion Ponzi scheme blew up in 2009, the debris is still falling to earth. In an attempt to get his 50-year sentence reduced, Rothstein is naming accomplices and detailing exactly how his scheme worked. The now-disbarred South Florida lawyer is in protective custody while he cooperates with government investigators. And he’s testifying in civil lawsuits, brought by investors and the court-appointed trustee of his bankrupt law firm, to recover money from banks and hedge funds ... (full story)

  • Comments
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    • Jan 27, 2012 6:13am
    • #1
    • Quote
    • Allev8

      28 posts

    • 50 years!!!! And what do corrupt bankers and government officials get. Bonuses, lol
    • Jan 27, 2012 6:14am
    • #2
    • Quote
    • Allev8

      28 posts

    • Still a bit of light reading...
    • Jan 27, 2012 7:04am
    • #3
    • Quote
    • SirMcPip

        1,218 posts

    • Dont know why the government even bothers with a guy like that. If the people werent so stupid, there would be no con men. Very simple, supply and demand. These people that get conned...they fully deserve it..period!!
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  • Story Stats
  • Posted: Jan 27, 2012 6:07am

    Submitted by: FF News

    Category: Entertainment News

  • 1,047 Views

  • 3 Comments

    Allev8(2), SirMcPip

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