Feds Seek Fewer Years For Rothstein In $1.4B Fraud Case

Law360, New York (June 9, 2011, 1:21 PM EDT) -- Prosecutors told a Florida federal court on Wednesday that disgraced attorney Scott Rothstein should serve less than his 50-year sentence because he helped bring down others involved in a $1.4 billion Ponzi scheme.

Prior to pleading guilty to the fraud in January 2010, Rothstein, 49, “provided substantial assistance to the government in the investigation and/or prosecution of others,” earning him a reduction of the 50-year sentence he received for his crimes under the Racketeer Influenced and Corrupt Organizations Act, according to the motion.

Rothstein admitted to...
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