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Federal prosecutors asking "only" for 40 years for now-cooperating lawyer Ponzi schemer

By Douglas A. Berman

As detailed in this prior post, this week's scheduled federal sentencing of Scott Rothstein, Florida's answer to Bernie Madoff, is bringing up a host of interesting legal issues and sentencing recommendations.  This new piece available at law.com, which is headlined "Prosecutors Recommend 40 Years for Rothstein; Defense Asks for 30," highlights that federal prosecutors are in part responsible for making this high-profile white-collar sentencing so interesting. Here is how the piece starts: Federal prosecutors say Ponzi scheme purveyor Scott Rothstein deserves a break -- just not as much as his defense attorney wants. The lawyer who turned his fast-growing Fort Lauderdale, Fla., firm into a vehicle for Florida's largest Ponzi scheme -- defrauding investors of $1...continue to full post

Full post as published by Sentencing Law and Policy on June 08, 2010 (boomark / email).