X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Convicted Ponzi schemer Scott Rothstein could get a day pass from federal prison, but not for fun.

Investors and a court-appointed bankruptcy trustee for his defunct law firm want to depose Rothstein, who is serving 50 years for masterminding a $1.2 billion settlement financing fraud.

The investors filed a motion Friday to depose Rothstein. Trustee Herbert Stettin, who is responsible for unraveling Rothstein Rosenfeldt Adler, filed a motion Tuesday seeking to compel the U.S. Marshals Service to deliver Rothstein “at a secure location chosen by the USMS” for a deposition.

“As the CEO and managing partner of RRA, Rothstein exercised material control over bank accounts and the financial activity of RRA,” said the motion filed by Stettin’s attorney, Chuck Lichtman of Berger Singerman. “Undoubtedly, he has unique knowledge of the financial transactions conducted by RRA that comprise the Ponzi scheme, as well as other related facts, including who else might have been or was involved in facilitating the fraud.”

Stettin previously reached out to federal prosecutors but got no response to phone calls and e-mails, according to the motion. Stettin assured everyone he doesn’t expect federal agents to disclose Rothstein’s location.

The U.S. attorney’s office has not responded to the requests.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.