Kim Rothstein Expected To Change Plea Friday
FORT LAUDERDALE (CBSMiami) – Kim Rothstein, the wife of convicted Ponzi schemer Scott Rothstein, is expected in federal court Friday afternoon to change her plea to guilty for allegedly attempting to hide over $1 million in jewelry from federal authorities.
Rothstein is accused in the crime along with her former attorney Scott Saidel and friend Stacie Weisman. The co-defendants are expected to change their pleas to guilty as well.
Rothstein is expected to plead guilty to the charge of conspiracy to commit money laundering, obstruct justice, and tamper with a witness.
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Federal authorities said that on November 9, 2009, agents went to the Rothstein residence where Kim helped them retrieve what was believed to be all of the available cash, jewelry, and luxury watches which had been purchased with proceeds from Scott’s Ponzi scheme.
The Justice Department said that before and after the seizure Kim Rothstein, Weisman, and Saidel “knowingly took action conceal certain iems of jewelry valued in excess of one million dollars for the purpose of preventing the government from exercising its authority to take such property into its lawful custody and control.”
Federal agents said Kim and Weisman then sold and attempted to sell a portion of the jewelry to and through various people.
The Justice Department also said that in civil proceedings instituted by the bankruptcy trustee, “all of the defendants took steps to obstruct justice by concealing the true location of certain items of jewelry in order to prevent its availability for use in those proceedings.
Rothstein faces up to five years in prison on the single federal charge she will plead guilty to in February.
The guilty plea may be one of the final convictions in the massive Ponzi scheme orchestrated by Scott Rothstein. All total, Rothstein’s Ponzi scheme was $1.4 billion, the largest such fraud in South Florida history.
Twenty-time Grammy winner Bruce Springsteen and the E Street Band will play the 54th Annual Grammy Awards February 12th. The show will air on CBS. The Recording Academy announced this morning that Springsteen and company will make the Grammys the first stop on their upcoming Wrecking Ball tour.
The Boss joins a list of Grammy performers this year that includes Paul McCartney, Adele, Foo Fighters, Nicki Minaj, Katy Perry, Taylor Swift, and Bruno Mars. The Grammys are known for high-profile collaborations and this year will see Coldplay with Rihanna; Glen Campbell and Blake Shelton together with The Band Perry; and Kelly Clarkson will duet with Jason Aldean.
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LL Cool J will be hosting the Grammys for the first time. He’s been hosting The Grammy Nominations Concert since it started in 2008. He’ll be the first official host in seven years, replacing a system of rotating presenters acting as master of ceremonies. The Grammys will be shown live Sunday February 12th.