Trustee Seeks $75M Forfeiture from Ex-Attorney Rothstein and His Law Firm
A bankruptcy trustee is seeking the forfeiture of more than $75 million in business assets, real estate, vehicles, yachts and other upscale property from ex-attorney Scott Rothstein and his former law firm.
Assets previously seized by prosecutors in a fraud case against the now-disbarred lawyer actually belong to the Rothstein Rosenfeldt Adler law firm, court filings contend, because they were purchased with money that flowed through RRA’s accounts to operate the claimed $1.2 billion Ponzi scheme, reports the This Just In blog of the South Florida Sun-Sentinel.
Meanwhile, a lawyer for a reputed mobster that Rothstein reportedly snitched on calls the ex-attorney “despicable” and “a terrible, terrible person,” reports NBC Miami.
Another Sun-Sentinel article details Rothstein’s claimed role in funneling information to the feds about the suspected Mafia figure, who has pleaded not guilty.
Rothstein, 47, has pleaded guilty to five felonies and could get as much as 100 years when he is sentenced early next month. However, he is hoping his cooperation with the feds will win him a lesser term in the federal witness protection program. So far, he is the only individual charged in the Ponzi scheme case, although the investigation is ongoing.
A Daily Business Review article details settlements other former RRA attorneys, including Russell Adler, have reached with the bankruptcy trustee, Herbert Stettin, over fees from pending matters they took with them to new firms when RRA imploded.
