Stripped of his freedom by the FBI early Tuesday, disgraced Fort Lauderdale, Fla., lawyer Scott Rothstein appeared in a packed Fort Lauderdale federal courtroom and was accused by prosecutors of using forged judicial signatures to defraud investors as part of a $1.2 billion Ponzi scheme.

Wearing a brown designer T-shirt and blue jeans, Rothstein, 47, appeared nonchalant as he stood in handcuffs and leg restraints before U.S. Magistrate Robin Rosenbaum, who ordered him held without bail because he is a flight risk.

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