JUST IN: Lawyer Suspected In Massive Ponzi-Scheme Lands In Florida
6:00 PM EST: Prominent Broward attorney Scott Rothstein, who is under
federal investigation for alleged fraud, has returned to town and
Fort Lauderdale police officers have been posted at his law firm's
building at 401 E. Las Olas Blvd. Rothstein is being investigated by
his own firmÝwhich claims $500 million is missing from its accounts.
On Monday, the politically influential firm attempted to oust
Rothstein amid the criminal investigation into his business dealings.
Fort Lauderdale police spokesman Sgt. Frank Sousa said the department
received a call Tuesday afernoon from the law firm with "a security
concern," so they sent officers to the office. He said they would not
prevent Rothstein from entering the firm.
"He is allowed to go to his office," Sousa said.
A court hearing is set for 4:30 regarding who will sort out the
Federal authorities on Monday stepped up their criminal investigation
into Rothstein, 47, who is suspected of operating a Ponzi scheme by
selling hundreds of millions of dollars in fabricated legal
settlements to investors - many from prominet Baalei Tzedakah in the
Click on the following link for an earlier report by YWN
(Source: Miami Herald)
[edit on 4-11-2009 by Anti-Evil]