MassMutual Latest To Sue Rothstein Over Ponzi Scheme

Law360, New York (December 4, 2009, 1:29 PM EST) -- Scott W. Rothstein, the disbarred Florida lawyer accused of orchestrating a $1.2 billion Ponzi scheme, is facing yet another lawsuit, this one from Massachusetts Mutual Life Insurance Co. over a $14.8 million policy.

In a complaint entered Wednesday in the U.S. District Court for the Southern District of Florida, MassMutual says Rothstein lied about the source of his income in procuring the life insurance policy, on which he paid a $30,000 monthly premium and a total of $570,000 in paid premiums since the policy took effect...
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