Florida 'Super Lawyer' Flees After Ponzi Scheme Collapses

 

 

 

 

 

 

 

The Law Offices Of Rothstein, Rosenfeldt, And Adler

 

 

 

 

 

 

 

 

 

Scott Rothstein's Staff Of 'Wild Cats'

 

 

 

 

 

 

He Apparently Is Enroute To Israel

 

 

 

 

 

 

 

Lawyer Rothstein Flees Country

Rothstein handled large Trust Accounts, and ran a hedge fund. Rothstein's uncle also worked at the firm, assisting the CFO in cutting checks. His uncle has fled with Rothstein. 9

Rothstein had a private jet he leased, and speculation as to his whereabouts now centers on Israel. Rothstein will use his 'Right of return' status to fight extradition.

 
   

 

 

 

 

 

His Partner Claims He Knew nothing

I think we're going to go down in history in the same breath as convicted Ponzi schemer Bernard Madoff," Rosenfeldt said. "The only reason that I am not crying is I took a Xanax. I've been crying nonstop since Friday.''
 

   

 

 

 

 

 

In One Fund There Is $100 Million Missing

The Fort Lauderdale securities litigation firm Sonn & Erez announced Monday that it is investigating claims that Rothstein "may be involved in a $100 million investment that imploded," according to a press release.

"I have heard that one of the funds run by Rothstein was named 'Banyon Capital' but I have not yet seen the offering documents," said attorney Jeffrey Sonn in the press release.

 
   

 

 

 

 

Rothstein Was Given City Police Bodyguards

"My law firm had seen Scott Rothstein living a very large lifestyle, including armed bodyguards, police protection, very expensive cars, luxury homes, jewelry, donations and appeared to be something out of a Great Gatsby movie." 7
 

   

 

 

 

 

 

 

He Owned His Own Restaurant

Rothstein played in big circles, the South Florida Jewish crowd counted him as an 'Up and comer'. He often dropped the sugar magnate Fanjul, the sports team owner Huezinga, carnival cruise lines Arinson, and others names.

Naturally Rothstein had a yacht, mansion, jet, and a bevy of blonde shiksas.

   

 

 

 

 

 

He Acted Like A South American Dictator

This clown would race around Fort Lauderdale with a police escort.

   

 

 

 

 

 

 

 

A Hollywood Player

Rothstein was a partner in Renato Watches. He also founded a media and entertainment company with a goal of representing "athletes and celebrities from around the globe''. 7
   

 

 

 

 

 

 

 

This Is  A Big Story

Rothstein's antics may run into the billions. When you run a hedge fund and can buy derivatives, then a $ billion is a small number. Rothstein could have bought $2 billion in treasury futures for a mere $20 million in an account. On the other side of the transaction is a fellow scammer, and the two split the money.

It's like a banker that gives a friend a $100 million dollar loan, the money is wired to Israel, the friend defaults, and the American taxpayer gets the bill.
 

 

 

 

Judicial Index