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."
June 08, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Federal prosecutors say Ponzi scheme purveyor Scott Rothstein deserves a break — just not as much as his defense attorney wants.
The lawyer who turned his fast-growing Fort Lauderdale, Fla., firm into a vehicle for Florida’s largest Ponzi scheme — defrauding investors of $1.2 billion — should spend 40 years in prison, federal prosecutors told U.S. District Judge James I. Cohn in a sentencing memorandum filed Monday.
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