US Says Rothstein's Ponzi Victims Owed $188M

Law360, New York (August 2, 2010, 5:09 PM EDT) -- Victims of former attorney Scott W. Rothstein's Ponzi scheme are owed more than $188 million in restitution, the U.S. government says.

The U.S. filed a report Friday in the U.S. District Court for the Southern District of Florida detailing the government's efforts to locate the Ponzi scheme's victims and determine the appropriate restitution for them.

Of the 317 potential victims that the government contacted, the U.S. has found 218 claims to be completely accurate, recommending that these claims be fully approved. A total of $188,356,010 has...
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