Rothstein Cohort Gets 5 Years For Ponzi Plot

Law360, New York (August 24, 2011, 6:06 PM EDT) -- Stephen Caputi, who posed as a banker or settling plaintiff to help now-imprisoned attorney Scott Rothstein fleece investors in a $1.4 billion Ponzi scheme, was sentenced Wednesday to five years in prison and told to cough up $29 million in restitution.

U.S. District Judge William J. Zloch ordered the 54-year-old Caputi — the fourth Rothstein cohort to admit guilt in connection with the massive fraud at defunct law firm Rothstein Rosenfeldt & Adler PA that roiled South Florida in 2009 — to report to federal prison...
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