Attorney and GOP fundraiser Scott Rothstein's rise in South Florida's legal and political worlds has ended with the revelation that investors claim he stole in excess of $200 million. The money is tied to a side business that offered structured settlements, which convert a lump sum award to installments for tax and cost-of-living reasons. Rothstein Rosenfeldt Adler's founding partner Stuart Rosenfeldt has asked a Florida judge to dissolve the firm and appoint a receiver to take over its finances but not its legal practice.
November 03, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Fort Lauderdale, Fla., attorney Scott Rothstein’s meteoric rise in the South Florida legal and political worlds ended over Halloween weekend with the revelation that investors claim he stole in excess of $200 million.
The money is tied to a side business started by Rothstein, a major Republican fundraiser and philanthropist, that offered structured settlements, which converts a lump sum award to installments for tax and cost-of-living reasons.
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