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From the staff of the Tampa Bay Times

Rothstein returns to face fraud questions



A flashy Fort Lauderdale lawyer who investors say fleeced them for hundreds of millions of dollars flew back from Morocco on Tuesday to face federal prosecutors considering criminal charges, the Miami Herald reported.

While Scott Rothstein and his defense attorney, Marc Nurik, held the discussions, a Broward County judge appointed an independent receiver to examine the financial records of Rothstein's law firm, Rothstein Rosenfeldt Adler.

Rothstein, 47, had left for Morocco on Friday as news of his alleged investment scam started leaking around Broward County. He came back facing an FBI investigation and the loss of his law firm. The once high-flying firm, formed in 2002, has only $500,000 left in its bank account, a lawyer said.

Rothstein, suspected of running a Ponzi scheme, apparently drained vast sums of money from the firm, his partners say. (story here)

[Last modified: Thursday, September 9, 2010 2:26pm]


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