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.