Rothstein's Friend Sentenced to Prison

Howard Kusnick will serve two years for duping local car dealer to invest in Ponzi scheme

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    NEWSLETTERS

    Scott Rothstein's wife had no comment after her husband recieves a 50-year sentence. Others did. (Published Wednesday, Jun 9, 2010)

    Another of convicted Ponzi schemer Scott Rothstein's friends is going to join him in prison.

    Howard Kusnick was sentenced to two years behind bars Friday for his role in helping Rothstein secure a wealthy client to invest in the scam, the U.S. State Attorney's Office said.

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    The 59-year-old pleaded guilty to a conspiracy to commit wire fraud charge and will begin serving his sentence Nov. 4.

    Kusnick, who was once a law partner of Rothstein before the Ponzi scheme began, admitted to signing fraudulent documents that helped persuade local car mogul Ed Morse to invest $57 million with Rothstein.

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    Rothstein is currently serving a 50-year sentence for running the billion-dollar scam. Several of his friends have already been sentenced on fraud charges for their roles in the scheme.

    Kusnick was also ordered to pay $310,000 in restitution to Morse.