Ponzi Schemes Carry Harsh Penalties
Former Fort Lauderdale attorney Scott Rothstein is currently serving a 50-year federal prison term for fraud, racketeering and money laundering. Assisted by numerous other professionals (bankers, lawyers, financial advisors, accountants and computer experts), Rothstein convinced scores of investors to pour money into his $1.4 billion Ponzi scheme, which claimed stakes in large legal settlements that did not exist. Rothstein’s scheme…

