Rothstein Pal Cops Plea In $1.2B Ponzi Prosecution

Law360, New York (February 8, 2012, 7:09 PM EST) -- An associate of Ponzi fraudster Scott Rothstein known as “Uncle Bill” pled guilty in Florida federal court on Wednesday for his role in the $1.2 billion scheme involving the sale of shares in sham legal settlements.

William Boockvor copped to one count of conspiracy to commit wire fraud during a hearing before U.S. Judge Daniel T.K. Hurley, according to court records.

Boockvor's sentencing is tentatively set for May 7. He faces a maximum of five years in prison.

A spokeswoman for the U.S. attorney's office could...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.