March 28, 2024

Dubious Achievers - Florida Newsmakers of the Year

Mike Vogel | 1/1/2011

• SCOTT ROTHSTEIN
Attorney, Fort Lauderdale

Scott Rothstein
[Photo: Miami Herald]
$1.2-Billion Fraud

Scott Rothstein's $1.2-billion fraud actually disintegrated in late 2009, when he briefly fled to Morocco before returning to face the music. In 2010, he got a 50-year sentence, now being served in protective custody in parts unknown. The 48-year-old got gaudily rich thanks to a fraud involving phony settlements. And what class: "I don't want the feds to f------ have it. It's not their money. They didn't steal it. I did it," he said, according to the Sun-Sentinel's transcript of a conversation Rothstein had while working as a fed informer. The guy he was trying to sting, Roberto Settineri, a Miami Beach wine seller with alleged ties to a Sicilian crime family, in fact got stung and wound up sentenced to four years. The fallout continues from the implosion of Rothstein's 70-lawyer firm, Rothstein Rosenfeldt Adler, as defrauded investors and authorities go after whomever they can.


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