Scott Rothstein was a legendary Ponzi schemer even by Florida’s standards. In January he pleaded guilty to charges of masterminding a billion dollar (fraudulent) empire that included large political contributions to national and local politicians. His convictions could lead to a 100 years in jail (or more).Â On his way to prison he leaves behind a staggering array of cars and boats to be auctioned for the government on June 3, 2010 in Ft. Lauderdale.
Rothstein’s law firm powered up phony loan deals and early “settlements” promising huge rewards using funds from the classic Ponzi pyramid. What he bought for himself—including 27 automobiles—the government now owns. A look at his loot now in the auction catalog borders on the surreal. Proceeds go into the U.S. Treasury’s AssetForfeiture Fund, and will be parceled out to those who got swindled.
See the Catalog