Scott Rothstein, partner of South Florida law firm Rothstein Rosenfeldt Adler, has found himself at the center of an FBI investigation. The Bureau is alleging that Rothstein may be the linchpin of an investment scam that could top $1 billion. Rothstein, who is out of town at an undisclosed location, is not yet being charged with a crime.
FBI Special Agent in Charge, John Gillies, notes that this investigation is ongoing, adding that, “We’re far from over.” The government is asking for investors who have invested with Rothstein to come forward. Their hope is that they will be able to create a concrete and complete list of victims, thereby strengthening the case against Rothstein. The largest victims will be contacted first, with those who lost smaller amounts to follow.
The actual scheme involves Rothstein gleaning hundreds of millions of dollars from investors who purchased legal settlements from him since 2005. Some of these purchased legal settlements, however, may never have existed. In a move to pay off unrelenting investors in his alleged scheme, it appears that Rothstein may have even resorted to taking advantage of family friend and auto magnate, Ed Morse.
Those with information pertaining to this investigation may call: 800-CALLFBI (225-5324) or email: Rothstein.firstname.lastname@example.org.