Florida attorney Douglas Bates, who misled investors in believing that he had referred many major cases to master Ponzi schemer/attorney Scott Rothstein, has reportedly agreed to change his plea to guilty. Bates, a personal injury and workers' compensation attorney, allegedly was responsible for convincing Rothstein investors to pour additional millions of dollars into the Ponzi scheme.
I believe that Bates is the sixth attorney to enter a guilty plea in the billion dollar Rothstein scandal, where Scott Rothstein deceived victims into placing their money into purchases of non-existent sexual harassment and employee discrimination suit structured settlements, at a discount, so as receive the full amounts when they matured. None of Rothstein's law partners have yet been indicted, and it appears that the Statute of Limitations will run at the end of the year, so expect more lawyers to be charged.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.