Judge Orders More Rothstein Testimony

Judge orders Ponzi schemer to sit for more depositions

Convicted Florida Ponzi schemer Scott Rothstein will give another round of sworn testimony about the inner workings of his $1.2 billion fraud.

A federal judge in Fort Lauderdale ordered a chance for more lawyers to question Rothstein under oath. The 49-year-old disbarred lawyer sat for a 10-day grilling late last year by attorneys representing wronged investors.
 
The bankruptcy trustee overseeing Rothstein's now-defunct law firm says a second 10-day deposition is needed for that case. The trustee is attempting to locate profits from the scam that can be returned to investors.
 
Rothstein is serving a 50-year prison sentence after pleading guilty to running the scheme involving investments in phony legal settlements. His cooperation could result in sentence reduction.

Copyright AP - Associated Press
Contact Us