Rothstein Gets 50 Years; Brace for More Political Fallout

Submitted by Anonymous on June 9, 2010 - 1:00pm

An apologetic Scott Rothstein was sentenced to 50 years in federal prison today for masterminding a Ponzi scheme that bilked investors out of $1.2 billion.

The disbarred Fort Lauderdale lawyer had pleaded guilty to conducting the financial scam that funded his high-flying lifestyle and bankrolled millions of dollars in contributions to politicians and political parties.

His appearance in U.S. District Court in Fort Lauderdale attracted hordes of media outside the courthouse.