Scams jail-sentence

Published on June 9th, 2010 | by Jack Waymire

Ponzi Scheme Creator, Rothstein, Sentenced to 50 Years

I guess the old saying that “crime doesn’t pay” is true in the case of Scott Rothstein. Rothstein, a prominent (former) Florida lawyer, created a $1.2 billion dollar ponzi scheme where he financed a lavish lifestyle, created political influence, and bankrolled his lawfirm.

Here’s yet another good example of how a skilled sales person (or conman….take your pick), wooed investors with the idea of huge returns on their investments.

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About the Author

worked in the financial services industry for 28 years. For 21 years he was the president and chief investment officer of a registered investment advisory firm with more than 50,000 clients. He left the industry in 2003 when his book (Who's Watching Your Money?) was published by John Wiley. That same year he launched an investor information website ( that was based on the principles in his book. Jack is a columnist for Worth magazine, a frequent blogger on major financial sites, and widely quoted in the media including the Wall Street Journal, Forbes, BusinessWeek, Bloomberg, and Kiplinger.

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