Scott W. Rothstein
Scott W. Rothstein (born June 10, 1962) is an American disbarred lawyer, convicted felon, and the former managing shareholder, chairman, and chief executive officer of the now-defunct Rothstein Rosenfeldt Adler law firm. He funded an extravagant lifestyle with a $1.2 billion Ponzi scheme, one of the largest such in history.
Scott W. Rothstein | |
|---|---|
| Born | June 10, 1962 |
| Alma mater | Nova Southeastern University's Law School - Shepard Broad College of Law |
| Occupation | Attorney (disbarred) |
| Criminal status | Incarcerated at undisclosed federal prison |
| Conviction(s) | January 27, 2010 (pleaded guilty) |
| Criminal charge | Racketeering, fraud, conspiracy |
| Penalty | 50 years in federal prison |
On December 1, 2009, Rothstein turned himself in to authorities and was subsequently arrested on charges related to the Racketeer Influenced and Corrupt Organizations Act (RICO). Although his arraignment plea was not guilty, Rothstein reversed his plea to guilty of five federal crimes on January 27, 2010. Rothstein was denied bond by U.S. Magistrate Judge Robin Rosenbaum, who ruled that due to his ability to forge documents, he was considered a flight risk. He was sentenced to 50 years in federal prison.