Analysis and Commentary on Money Laundering, Terrorist Financing and Financial Crime
Thursday, June 12, 2014
LAW FIRM PARTNER OF MASTER PONZI SCHEMER SCOTT ROTHSTEIN PLEADS GUILTY IN FEDERAL COURT
Stuart Rosenfeldt, a name partner in Fort Lauderdale Ponzi schemer Scott Rothstein's law firm, entered a plea of guilty this week, to a number of charges, in a US District Court in Florida. Rosenfeldt admitted that he engaged in bank fraud to maintain the ongoing Ponzi scheme, that he broke Federal campaign contribution laws, and that he violated the rights of individuals, to preserve the secrecy surrounding an affair that he has been having.
The defendant faces a maximum of five years in Federal Prison. Sentencing has been set for September 24, and he remains free on bond.