• 47 year-old Scott Rothstein was convicted on charges of money laundering, conspiracy to commit bank transfer fraud, and criminal conspiracy related to the financial system.
• Rothstein managed to buy several houses, cars, and a yacht before he was caught. He also befriended celebrities and politicians, including Arnold Schwarzenegger.
• Rothstein used new investors’ money to pay off earlier investors, and just like Bernie Madoff’s famous  Ponzi scheme, he left countless investors with immense losses.

Facts & Figures

• Rothstein’s fraudulent investment scheme was worth more then $1 billion.
• He was sentenced to 50 years in prison.
• Rothstein forged the signatures of at least three federal judges.

Best Quote

“This rags-to-riches-to-jail saga is a humbling reminder of what can happen when greed and ambition run amok.”  - Wifredo Ferrer, U.S. Attorney