High-flying Fort Lauderdale attorney Scott Rothstein will plead guilty to charges arising from his alleged $1.2 billion Ponzi scheme in late January, the AP is reporting.
Rothstein, who had in early December plead not guilty, hasn’t exactly been lying low since his alleged scheme fell apart last November. A local newspaper got footage of Rothstein enjoying a lunchtime martini at the Capital Grille in Fort Lauderdale in mid-November.
His lawyer told the AP that details of a plea deal have not been finalized. Attorney Marc Nurik added that Rothstein’s extravagant collection of jewelry, cars, and real estate — which we took a close look at in this post — are worth $60 million and $100 million. Nurik said he hopes that money is distributed to “legitimate investors.”
Rothstein’s alleged scheme involved a side business selling phony legal settlements to investors who were promised big returns.
TPMmuckraker’s full coverage of the Rothstein saga is here.
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