Ponzi Schemer Rothstein Deposition Set For Monday
MIAMI (AP) — Convicted Ponzi schemer Scott Rothstein will be in Miami to undergo questioning by at least 30 lawyers involved in several civil lawsuits stemming from the $1.4 billion fraud.
Rothstein's deposition will take place behind closed doors in Miami beginning Monday. The session is expected to last two weeks.
A Fort Lauderdale law firm is asking a bankruptcy judge to allow transcripts of the sessions to be made public as soon as possible after each day. A hearing on that is scheduled for Tuesday.
Rothstein is currently serving a 50-year prison sentence after pleading guilty last year to racketeering, money laundering and fraud. . It revolved around investments in fake legal settlements.
He is serving the sentence in an undisclosed location after helping authorities prosecute a reputed Mafia figure.
Authorities have been selling off Rothstein's homes, boats, flashy cars and other assets to compensate wronged investors.
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