Scott Rothstein, a one-time run-of-the-mill labor and employment attorney turned larger-than-life power broker, was sentenced today to 50 years in federal prison for engineering one of Florida’s biggest investment scams.
U.S. District Judge James Cohn in Fort Lauderdale, Fla., imposed a longer term than both the prosecution and defense suggested for the $1.2 billion Ponzi scheme, which cost about 400 victims a total of $400 million.
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