What is scott rothstein?

Scott Rothstein is a disbarred lawyer from Fort Lauderdale, Florida, who was convicted in 2010 for running a $1.2 billion Ponzi scheme. Rothstein's scheme involved selling fake settlements to investors and was one of the largest fraud cases in South Florida history.

Rothstein used his law firm, Rothstein Rosenfeldt Adler, to orchestrate the scheme and use his reputation in the legal community to lure in investors. He promised high returns on investments in settlements that were actually fictitious.

In 2009, Rothstein's scheme unraveled when investors began demanding their money back and the FBI began investigating. Rothstein ultimately pleaded guilty to multiple charges including racketeering, money laundering, and wire fraud. He was sentenced to 50 years in federal prison and ordered to pay restitution to his victims.

Since his conviction, Rothstein has cooperated with authorities in bringing his accomplices to justice and was one of the key witnesses in the trials of his former associates. He has also expressed regret for his actions and admitted to abusing drugs and alcohol during the time of his scheme.