FORT LAUDERDALE (CBSMiami/AP) — An ex-partner of convicted Ponzi schemer Scott Rothstein is unable to practice law thanks to a Florida Supreme Court ruling which suspended his law license over a New York real estate deal.
The court issued its 91-day suspension Thursday for Fort Lauderdale attorney Russell Adler. He was one of the name partners in the now-defunct Rothstein Rosenfeldt Adler firm that imploded after Rothstein’s $1.2 billion Ponzi scheme was uncovered.READ MORE: Shooting Near Miami-Dade Police Headquarters, Two Doral Officers Shot
The court found that Adler misrepresented his stake in the firm when purchasing a New York co-op apartment and did not disclose certain financing details to the co-op board.READ MORE: Halloween Spending Could Hit A Record This Year
Adler’s suspension was not related to the Ponzi scheme, which involved investments in fake legal settlements. Adler has not been charged in the Ponzi case. Rothstein is serving a 50-year prison sentence for operating the scam.MORE NEWS: Opa-locka City Hall Evacuated After Bomb Threat
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