Federal prosecutors say Scott Rothstein deserves a break -- just not as much as his defense attorney wants. The lawyer who turned his fast-growing firm into a vehicle for Florida's largest Ponzi scheme, defrauding investors of $1.2 billion, should spend 40 years in prison, federal prosecutors say in a sentencing memorandum filed Monday. An Assistant U.S. Attorney called Rothstein's crimes "reprehensible" but added that his "post-offense conduct" -- including his role as an informant -- "has been extraordinary."
Prosecutors Recommend 40 Years for Rothstein; Defense Asks for 30
Daily Business Review
June 8, 2010