Scott Rothstein

Report: FL Ponzi Schemer Wore Wire To Snag Alleged Mobster

Justin Elliott | March 16, 2010, 1:01PM

Scott Rothstein

With his $1.2 billion Ponzi scheme crumbling last fall, a desperate Scott Rothstein agreed to cooperate with the Feds in a sting operation that helped bring down an alleged Sicilian mafioso, according to a remarkable new story in the Miami Herald.

Roberto Settineri was arrested in Florida last week on money laundering charges. On the same day, he was charged in Italy with "extortion, drug trafficking, attempted homicide, and other crimes arising from their alleged affiliation with Santa Maria di Gesù, a Sicilian mafia family," according to the FBI.

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