Convicted Con Man Scott Rothstein Tells All!
“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 that allegedly aided the fraud. Over ... (full story)
- Posted: Jan 27, 2012 6:07am
- Submitted by:Category: Entertainment NewsViews: 1,156Comments: 3