Aug 3, 2010
Prosecutors Outline Restitution Plan for Victims of Rothstein’s Ponzi Scheme
Federal prosecutors have outlined their restitution plan in Scott Rothstein’s criminal case for 218 victims of his Ponzi fraud, saying they have legitimate claims totaling $188 million. The recovery percentage remains to be seen as the government culls what is left of the one-time power broker’s fallen empire through confiscated cash and the sale of homes, cars, boats, jewelry and other luxury items.