Ponzi scheme lawyer wants US to cut 50-year sentence

Associated Press |

MIAMI (AP) — The former Florida lawyer convicted of orchestrating a $1.2 billion Ponzi scheme wants prosecutors to keep their promise to reduce his 50-year prison sentence.



The attorney for Scott Rothstein said in court documents filed late Monday that Rothstein cooperated extensively with prosecutors after returning voluntarily from Morocco in 2009. Ultimately more than two dozen people were convicted in the Fort Lauderdale-based scam.

The papers say Rothstein was also instrumental in convicting a Mafia gangster and corrupt law enforcement officers.

Prosecutors withdrew their offer to reduce Rothstein's sentence, contending he failed to comply with his plea agreement by providing false information to the government.

A judge makes the final decision.

The 55-year-old Rothstein pleaded guilty in 2010 to running a massive fraud scheme revolving around investments in phony court settlements.

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