Fallout from the billion dollar Ponzi scheme perpetrated by convicted Attorney Scott Rothstein continues. Yesterday, Rothstein's wife's attorney, Scott Saidel*, entered a plea of guilty in US District Court in Fort Lauderdale.
Saidel, who assisted Kin Rothstein in hiding, and later selling, or attempting to sell, $1m in jewelry that her husband had bought with criminal proceeds, has pled to:
(1) Money Laundering Conspiracy.
(2) Obstruction of Justice.
(3) Witness Tampering.
Saidel, who is from Boca Raton, Florida, forfeited jewelry of his own, $65,000 in cash, and other assets. He faces five years in Federal Prison when he is sentenced on 7 June.
* Case No.: 12-cr-60204-RSR (SD FL).