The federal government rolled out Ponzi king Scott Rothstein's toys Thursday, auctioning off rare sports cars and luxury boats to help reimburse victims of the former lawyer's $1.2 billion fraud. An 87-foot yacht that sold for $2.51 million and a Bugatti Veyron that fetched a bid of $858,000 were considered the steals of the auction, which brought in nearly $5.8 million in about two hours. "This whole thing has a bad air about it," said one would-be bidder. "We are all here because of one man's criminal greed."
June 04, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The federal government rolled out Ponzi king Scott Rothstein’s toys Thursday in Fort Lauderdale, auctioning off his rare sports cars and luxury boats to help reimburse victims of the former lawyer’s $1.2 billion fraud.
The spirited auction brought in nearly $5.8 million in about two hours at the Broward Convention Center. About 200 would-be bidders plunked down between $1,000 and $200,000 each in deposits to bid on items ranging from a 2009 Yamaha personal watercraft to an 87-foot Warren yacht.
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