Tuesday, December 01, 2009

Scott Rothstein Indicted

Lawyer and lobbyist Scott Rothstein donated $175,000 to the Republican Party of Florida. Rothstein lived a jet set livestyle financed from a Ponzi scheme he was running. Rothstein has been indicted by federal authorities for wire fraud, mail fraud and money laundering.

Rothstein and his co-conspirators created bogus bank documents, computer records and promissory notes. Rothstein would talk people into giving loans for a high return of interest. The money was used for Rothstein's lavish lifestyle and to "provide gratuities to high ranking members of police agencies." Translation: brides.

Federal Charges Against Scott Rothstein, December 1, 2009

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