Rothstein Ponzi Funded Versace Mansion With $125M Price Tag

Law360, New York (June 15, 2012, 4:48 PM EDT) -- Convicted Ponzi schemer Scott Rothstein used money from his racketeering activities to fund investments in Casa Casuarina, the former South Beach home of Gianni Versace that was recently put on the selling block for a staggering $125 million, according to transcripts released last week.

Rothstein admitted to funneling millions through his law firm Rothstein Rosenfeldt Adler PA to snag a 9.99 percent stake in the property in 2009 and more to later keep the property running. The money was wired to Luxury Resorts LLC, a shell...
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