He began his legal profession in and remained relatively unknown for nearly 15 years. In the early s, Scott first partnered with attorney Howard Kusnick. Susan Dolin was added to the firm in July In late , the firm was named Rothstein Rosenfeldt, with Adler joining in March In seven years, Scott and his partners expanded the law firm to a total of 70 lawyers.
Mike Lindell net worth, age, children, wife, church, website, movies, profile. Even though he pleaded not guilty, he reversed his plea to guilty of five federal crimes on 27th January However, the United States Magistrate Judge Robin Rosenbaum denied him bond, citing that he was considered a flight risk due to his ability to forge documents. He was sentenced to 50 year imprisonment. Scott is currently married to Carol Rome. The duo exchanged their wedding vows on 26th January in a three-day wedding celebration.
However, he was previously married to a woman by the name, Kimberly Wendell Rothstein. Content Type Articles Cases. Limit Search to Slideshows. Publications Law. All Rights Reserved.
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View Now. He made his first public appearance in December when he sat for 12 days of court-ordered depositions conducted by a consortium of lawyers representing various clients that had filed suit against Rothstein.
Sporting polo shirts and jeans purchased by his lawyer from Target, Rothstein's transformation from high-flying socialite to federal inmate had come full circle. And, true to his word, Rothstein sang like a canary. In those depositions, Rothstein dished out juicy details on dozens of former attorneys, acquaintances, and accomplices, interrupted only by an observing federal prosecutor in certain sensitive areas that often included reference to public and political corruption.
The extent of Rothstein's cooperation is likely unsurpassed. According to his lawyer, Marc Nurik, who was formerly with Rothstein's law firm before quitting to represent Rothstein,"nobody to my knowledge has provided as much cooperation" in a similar investment fraud.
And the results speak for themselves; Rothstein's cooperation has resulted in over 60 years of prison sentences for his former acquaintances.
Below is a list of the nearly 30 individuals that have been arrested or convicted based on their connection to Rothstein:. With some legal statutes of limitation expiring and prosecutors running out of individuals to charge, Rothstein's role as government witness is likely nearing its twilight.
Rothstein has remained unapologetic for his cooperation; indeed, he has been quite vocal that it is his only chance to one day walk out of prison on his own free will:. I have been sentenced to 50 years in prison. The only chance that I have to be released early, the only chance is I must tell the truth about everything that I know. And he has a point. With Rothstein's help, prosecutors have imprisoned dozens of individuals who played varying roles in Rothstein's fraud. Perhaps more importantly, it was Rothstein's testimony that colorfully illustrated the extraordinary role that TD Bank played in Rothstein's scheme.
The bank has since paid dearly; it has paid out hundreds of millions of dollars to investors that sued the bank, and its large settlement with the court-appointed bankruptcy trustee was a significant factor in fully compensating Rothstein's victims - a feat accomplished only one other time in recent memory. Indeed, some investors were able to profit from Rothstein's scheme due to savvy lawyering.
Odds are, Rothstein would likely claim at least a share of the extraordinary success Trustee Herbert Stettin and his team have been able to accomplish. There are a lot of armchair lawyers and armchair prosecutors who think that they know what the legal theories are that we can pursue and what statute of limitations issues are and often they are quite wrong,.
Attorney for Southern District of New York. Many have theorized that the expiring five-year statute of limitations accompanying most crimes committed by Rothstein co-conspirators, such as mail fraud, wire fraud, and securities fraud, will be the main reason for the halt in any remaining prosecutions attributable to Rothstein's fraud.
Not so, warn authorities. The Dodd-Frank Act, passed in , contained provisions that extended the statute of limitations for such crimes. This includes the ability to bring securities fraud charges up to six years later, as well as extending the statute of limitations for mail fraud and wire fraud up to ten years if the crime affected a financial institution. While not addressing any specific individuals or offenses, the U.
Attorney's Office for the Southern District of Florida issued a statement that "Given that the crimes affected a financial institution, the year statute of limitations arguably would apply," said Marlene A. Fernandez-Karavetsos, spokeswoman for the U.
Q: Good answer. So, you hope that that's what is going to happen, but other than that no promises by the government or anybody? A: I'm hopeful at the end of all this, the government will see fit to ask Judge Cohn to reduce my sentence.
There's no promise made to me. Rule 35 of the Federal Rules of Criminal Procedure governs the correction and reduction of a federal criminal sentence. Subsection b provides that,. Upon the government's motion made within one year of sentencing, the court may reduce a sentence if the defendant, after sentencing, provided substantial assistance in investigating or prosecuting another person. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Ponzi scheme lawyer Scott Rothstein wants prosecutors to reduce his year sentence By Associated Press.
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