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Fla. Ponzi Scammer begins 2-Week Lawyer Grilling

5:44 PM, Dec 12, 2011   |    comments
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MIAMI, Fla. -- Convicted Ponzi schemer Scott Rothstein is naming names and pledging to tell the complete truth about who else was involved in the $1.2 billion fraud to avoid dying in prison.

That's according to attorneys attending Monday's start in Miami of Rothstein's two-week, closed-door deposition.

More than 30 lawyers representing dozens of wronged investors will question Rothstein through Christmas Eve. They want to know deep the scheme ran in his now-defunct Fort Lauderdale law firm and how much assistance he got from outsiders.

Attorneys say Rothstein already revealed some other law firms that may have been involved. The scam involved investments in fake legal settlements.

Rothstein is serving a 50-year prison sentence. His only hope of getting out early is to testify truthfully in the criminal probe and civil lawsuits.







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