FORT LAUDERDALE (CBSMiami/AP) – A forfeiture deal was reached Tuesday in the case of the convicted Ponzi schemer Scott Rothstein.

Federal prosecutors reached an agreement with a bankruptcy trustee on how to divide nearly $50 million forfeiture proceeds from Rothstein.

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Miami U.S. Attorney Wifredo Ferrer says about $28 million will go to qualified victims of the scam and $21 million to claimants in the bankruptcy of Rothstein’s now-defunct Fort Lauderdale law firm.

The money comes from forfeiture of real estate, boats, vehicles, jewelry and bank accounts traced to Rothstein’s $1.2 billion scheme. The settlement still must be approved next month by two federal judges.

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Rothstein is among roughly two dozen people convicted in the scam, which offered investments in supposedly confidential legal settlements that did not exist. Rothstein himself is serving a 50-year prison sentence.

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