MIAMI (CBSMiami/AP) — An ex-banker is facing prison time after pleading guilty in connection to his role in ex-lawyer Scott Rothstein’s $1.2 billion Ponzi scheme.READ MORE: Legendary 'Goodfellas' actor Ray Liotta dead at 67
A Miami federal judge is scheduled Friday to sentence Frank Spinosa, a former executive at TD Bank. Spinosa is the last remaining defendant currently charged in the Rothstein scam, which collapsed six years ago.READ MORE: BSO Investigates Fatal Crash In Dania Involving Motorcyclist
Prosecutors said he used his position at TD Bank to falsely assure Rothstein’s investors that their money was safe. Rothstein’s scam involved investments in phony legal settlements. Spinosa pleaded guilty earlier this year to wire fraud conspiracy for his role.
More than two dozen people have been convicted in the scam. Rothstein is serving a 50-year prison sentence after pleading guilty to several charges.MORE NEWS: Cruise Ship Smokestack Catches Fire in Turks & Caicos
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