Rothstein Pleads Not Guilty To $1.2B Ponzi Scheme

Law360, New York (December 1, 2009, 6:31 PM EST) -- South Florida lawyer Scott W. Rothstein has pled not guilty to federal charges that he operated a $1.2 billion Ponzi scheme out of his firm Rothstein Rosenfeldt & Adler PA.

Rothstein was taken into custody early Tuesday and appeared later in the day before Magistrate Judge Robin Rosenbaum of the U.S. District Court for the Southern District of Florida.

The judge ordered him held without bail pending trial, on the ground that he poses a serious flight risk given his past use of fraudulent documents and...
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