Scott Rothstein Saga Continues: Four More Charged in $1.4 Billion Ponzi Scheme

Categories: News
srothstein-Ponzi.jpg
csmonitor.com
It sucks (now) to be friends with Scott Rothstein.
Former Fort Lauderdale lawyer and Ponzi schemer extraordinaire Scott Rothstein is almost a year into rotting away in his 50-year prison sentence, and now four more of his old pals have a chance of joining him in the joint for a few years.

The U.S. Attorney's Office announced today that charges were filed against Howard Kusnick, 58, of Tamarac, Stephen Caputi, 53, of Lauderhill, William Corte, 38, of Plantation, and Curtis Renie, 38, of Fort Lauderdale for their alleged roles in Rothstein's fraudulent investment scheme.

Caputi and Corte were due for their initial appearances at a federal court in Fort Lauderdale at 11 a.m. today, while Kusnick and Renie should be going in next week.

Corte and Renie -- both members of the information technology department of Scott Rothstein's old law firm, Rothstein Rosenfeldt and Adler -- as well as Kusnick, a former RRA lawyer, and Caputi, an "associate" of Rothstein's, all face one count of conspiracy to commit wire fraud, which caries a maximum penalty of five years in prison, according to the U.S. Attorney's Office.

The four are all expected to plead guilty to their charges as part of an arrangement with the FBI in which their cooperation is likely to lead to even more arrests in the Rothstein saga.

According to information provided by the U.S. Attorney's Office, IT boys Corte and Renie allegedly created a fake website meant to mirror that of TD Bank, tricking investors in Rothstein's scheme into thinking their accounts were growing by the minute.

The feds say Kusnick allegedly defrauded two clients of RRA by pretending to file litigation in their favor and instead funneling the funds from those clients into Rothstein's pockets.

Rothstein's pal Caputi was allegedly pretending to be both a banker and a plaintiff during meetings with potential investors into the Ponzi scheme. As a banker, he would ensure potential investors that accounts were loaded with funds in trust accounts, and as a plaintiff, he claimed he'd won settlements as high as $10 million to gain confidence from the investors, according to the feds.

"The FBI will continue to unravel the remaining web of fraudulent schemes created by Scott Rothstein," John V. Gillies, the special agent in charge for the FBI's Miami office, says in a statement. "We will shine a light on every aspect of this fraud. Like Rothstein, those who chose greed over integrity will also have a price to pay."

Check back with the Pulp as the Scott Rothstein saga continues to unfold.


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18 comments
Leslie Siegel
Leslie Siegel

Well, soon Steve Caputi will be wearing the scrubs and sneakers they were in Federal Prison. I watched a few episodes of the tv show WEEDS, and they showed first hand (as well as the show Scared Straight) how it was in Federal Prison. But it's not as bad as real hard time. Let's face it dear readers (how corny) Steve Caputi didn't murder anyone thank god. But honestly folks, do you think if you put us both in a room (cell) together alone that he wouldn't try to choke the life out of his ex sister in law? You know how Inlaws are. Well, for 25 years he prevented me from making peace with my family, especially offspring of his. It's sad that we all have the same blueprint in our brains, but they refused, due to Steve Caputi's brainwashing, to contact me when I wrote, or called. So i gave up for so long. We all need family now! It's bad times. At least Steve Caputi will find a sort of family circle like my character did in my novel Locked Universe County Jail and semi true story about life behind bars for an innocent Jewish girl who only wanted to love a young doctor's son, who was a virgin http://LockedUniverseCountyJai... if you care to read. Skim through and you'll see a few paragraphs toward 1/3rd in and it might be a Steve Caputi based character. The names were changed to protect the guilty. Good luck, I'll no long post. it's useless, no one gives a darn. Be well Florida and thanks for restoring my faith in the law. If Justice if Blind does it mean GOD IS BLIND TOO LIKE JUSTICE!?

ksiegel61
ksiegel61

I'VE STOPPED ALL POSTS, AND WROTE THIS SITE TO ASK IF THEY WOULD TAKE IT OFF WHICH THEY WILL NOT. WELL I WILL THEN DO WHAT I DID FOR  MY CHILDHOOD FRIEND WHO SHALL GO NAMELESS BECAUSE THIS PERSON HATES MY GUTS SO MUCH LIKE MOST OF THOSE FROM MY PAST WHOM I HURT WITH MY WRITING AN BLOGGING. I HURT THE CAPUTI FAMILY,   I'VE BEEN MARRIED TO A DIRECTOR OF THEATER FOR 10 YEARS AND HAPPY, NOT IN ANY TROUBLE OR GRIEF, UNTIL THE LAST FEW YEARS WITH THE DOUBLE MASTECTOMY AND SICKNESS IN MY COLON, SO I CAN REVEAL SECRETS TOO, 

ksiegel61
ksiegel61

@Leslie Siegel I"M SICK TO DEATH OF THESE STUPID POSTS I WROTE WHEN I WA SNOT IN MY OWN HEAD, I HAD JUST HAD A BIG MEDICAL PROCEDURE AND HAVE ASKED BOB NORMAN TO REMOVE THESE POSTS SOMEHOW, CAN THEY BE REMOVED, BECAUSE IN THE INTERIM, I'V BEEN BAPTIZED, I'VE CHANGED AND DO NOT FEEL THESE POST ARE GOOD FOR ME, STEVE CAPUTI NOR HIS FAMILY AND I AM TRULY SORRY FOR IT ALL. I WISH I COULD MAKE THESE POST DISAPPEAR, STEVE CAPUTI WAS AT FIRST SO NICE TO ME AND MY SISTER, BUT AS HE GREW UP, HE JUST HAD A WRONG TURN, BUT THEN HE FOUND kABBALAH AND I DID SEE A CHANGE IN HIM BUT IT MAY HAVE BENE TOO LATE, SO MAYBE WHEN STEVE CAPUTI GETS OUT HE WILL FORGIVE HIS EX SISTER IN LAW FOR HER FOOLISH POSTS THAT VIRALED. SO SORRY, SO CRUCIFY ME, WHAT CAN I DO?

ksiegel61
ksiegel61

I WROTE THE WEBSITE AND BOB NORMAN AND ASKED THEM NICELY TO REMOVE THE OFFENDING POSTS I WROTE O N STEVE CAPUTI. I CANNOT HEAL MY FAMILY RIFT IF THESE HORRID POSTS REMAIN, WHAT DO I HAVE TO DO, I'M ALREADY TYPING THIS ON MY HANDS AND KNEES. I'M SURE THE CAPUTI'S DO NOT APPRECIATE IT. AND I KNOW MANY OF THEM WOULD LIKE TO SEE ME STUNG UP (SOMEONE GET A ROPE), BUT I AM SORRY.


Leslie Siegel
Leslie Siegel

Gosh, am I the only one who posts on these Steve Caputi thngs? I guess no one cares in the end. He'll do his time and come and say, "Hey, ex sister in law, I don't get mad, i get even!" I wish i'd saved our old emails, but all I have to do is ask my mom who saved them in her purse for over a year and would pull them out and read them all jumbled and confused, to me over the telephone and sneer and rant and rave at them, like they were the Vallachi Papars. Yes, Steve Caputi and I wrote back and forth and that was that. then i developed a nice crush on Steve Caputi's wonderful dad, and the rest no one cares about because I married this director guy and am happy writing, posting, making trouble, or as my dad used to say, "You are an oddball, the oddest ball I've ever met, and you are like a screwdriver that is turning," and he'd make this weird sound like a stuck engine and turn his fingers around like a stuntedn carburator... very funny, to me maybe. But would someone post something other than me? PLEASE?

Leslie Siegel
Leslie Siegel

Gosh, am I the only one who posts on these Steve Caputi thngs? I guess no one cares int he end. He'll do his time and come and say, "Hey, ex sister in law, II don't get mad, i get even!" II wish i'd saved our old emails, but all I have to do is ask my mom who saved them in her purse for over a year and would pull them out an dread them all jumbled and confused. Yes, we wrote back and forth and that was that. then i developed a nice crush Ion Steve Caputi's wonderful dad, and the rest no o ne cares about because I married this director guy and am happy writing, posting, making trouble, or as my dad used to say, "You are an oddball, the oddest ball I've ever met, and you are like a screwdriver that is turning," and he'd make this weird sound like a stuck engine and turn his fingers around like a stunted engine... very funny, to me maybe. But would someone post something other than me? PLEASE?

Leslie Siegel
Leslie Siegel

THEY SHOULD RENAME THIS PAGE FROM "STEVE CAPUTI" to "LESLIE SIEGEL's COMMENTS ABOUT STEVE CAPUTI" PAGE!

Leslie Siegel
Leslie Siegel like.author.displayName 1 Like

It's really sad about Steve Caputi, he's not one without a brain, and is well educated and smart, so smart that he became smartassed, but if my father were alive he would agree, because we used to live here http://Liveuniverse6.blogspot.... and if you really want to go way back, we used to live here http://asphodelband.blogspot.c... but then trouble brewed 10 years ago with http://lockeduniversecountyjai... so I can see a little of what is going to go down with Steve Caputi. Hey, you never know, he may wiggle out of it yet. I've seen him in the past, I know his past, and the past roots us to the future.

Leslie Siegel
Leslie Siegel

STEVE CAPUTI THIS POEM WAS WRITTEN ABOUT AND FOR YOU: FLASHY TIMES PASS BY: Good times, bad times come and go, Past days move in an even flow, Even though moments pass, We react, cry, pondering why, A Vietnam Vet's post traumatic stress, What was, creeps in, Situations arise, burning ambers never die, In the deepest recesses of the mind, That is where you'll find 'Them', where they reside. Those flashy, musty, messy old things that shape our lives, Coming back to haunt, flaunt and fawnFlashing over and over, sometimes on a dime, Procured by an odor, a word or rhyme, Processing long ago deeds into static of the brain, Yielding flashbacks in color, Simmering, shimmering back and forth like R.E.M.  Written by LKS

Leslie Siegel
Leslie Siegel

STEVE CAPUTI's day has come. Will he get the time, or pay the dime of in-house arrest wearing an ankle braclet like Lindsay Lohan did! TODAY WE FIND OUT if STEVE CAPUTI has the CONNECTIONS to get out of 5 years in Federal Prison. I mean, he did know a lot of folks that might be helping him stay afloat, recommending a good lawyer, etc. So, tonight I will be waiting for the Florida blogs to sing the praises of Steve Caputi going to or ducking a silver bullet!

ksiegel61
ksiegel61

@Leslie Siegel SORRY LES, YOU WROTE ALL YOU WROTE AND IF THEY DON'T TAKE THE POSTS THEN YOU ARE STUCK. I MEAN WHAT CAN STEVE CAPUTI DO BUT FORGIVE ME. HE'S A REASONABLE MAN.I HAVE ALREADY DISOWNED MY OWN FAMILY OVER THIS AND MY MOTHER'S DEATH SO SUDDEN AND SAD. I NEVER HAD A REAL CHANCE TO SAY GOODBYE SHE HID HER ILLNESSES AND WROTE NOTARIZED LETTERS TO FAMILY NOT TO LET ME IN ON IT. SO SHE DROPPED DEAD IN THE EMERGENCY ROOM AND I WROTE HER OBITS WHICH VIRALED, SO WHAT. IT'S DONE. I MEAN WHAT'S LENORE GOING TO DO NOW? COME BACK FROM THE DEAD, I THINK NOW, SHE IS DEAD DEAD DEAD AND OH DO DEAD, AND STEVE CAPUTI, WHEN HE COMES OUT OF HIS MESS MAY MAKE HIS OWN JUDGMENTS,ALL I SAY IS SORRY!

Caputi-LOVER
Caputi-LOVER

STEVE CAPUTI PONZI PARTNER FINALLY GETS HIS JUST DUES and I am very happy to hear this. He has a daughter and family and I'm sure they are beside themselves with this, especially for the last two years telling me Steve Caputi Ponzi Scheme partner was in the clear and innocent. Innocent my butt! he is a pure criminal and even set me up to get my family to hate me forever under the guise of trying to befriend me and help me get away from a boyfriend who was mean. i asked for help, he said yes, even his dad wanted to be my boyfriend, no joke. Poor Daddy Caputi, must be so beside himself, glad i didn't hook up with him after. They think i am evil, well let's see who the evil one really is STEVE CAPUTI and all that is associated with him. Cheat and and crooked jerk. Have fun if you make it to the fed pen, tell Manson I said hello.

FringerKnows
FringerKnows

Wow, finally no name of Steve Caputi since he is going to be sentenced August 24th. Do you think he'll go with a few years, or the full 5 to 10? He is remorseful, so Caputi says, "I just want this over with so I can't start my new life!" What new life? Real Estate is the only thing I can think of that this crooked Caputi can probably get a license. It would seem his family supports all he does, they know I post stuff like this, so they hate me now, probably always did despise me due to Caputi's brainwashing of my family to make them think I was the bad one, and I ain't no angel, but I am not a thief. How could Steve Caputi do this to his family that he loved/loves. If his mom were alive (rest her soul) she'd be so upset and once told me she wished I had married her son, but I'm glad I didn't, or I would not have an honest belief in God. Maybe Caputi will find that in jail.Flag

Nucky Thompson
Nucky Thompson

Any arrests today ?

anonymous
anonymous

Not big enough arrests. but I do believe some arrests are coming

The Pulp Blog
The Pulp Blog

They had to turn on someone to get the light sentences...

JohnnyHarris
JohnnyHarris

When do the corrupt bankers get indicted?  They're the ones who had a legal responsibility to report the fraudulent activity they saw going on for years in Rothstein's accounts.  Most of that activity took place in one bank (not TD).  But they did nothing because they were making money off of Rothstein.  And Rothstein invested in that other bank too.  There's a trail of emails showing how bank employees under orders from senior bank officers were helping Rothstein move funds around to avoid being detected by bank compliance - so they KNEW he was committing fraud and HELPED him.  Everyone knew all the way to the CEO but only a few spoke out then and told the truth under oath later.  Most of them lied.  Funny how the Chief Compliance Officer got fired only a few months after giving his Sgt. Schultz testimony ("I know nothing... nothing") to help the coverup.  But this post will probably get removed because the bank's lawyers have threatened Pulp and the New Times.  Remember last September when Pulp wrote about the bank and said one man was responsible and he would name him the next day?  Pulp never did name him, and he has never written anything about the bank since then.  Why not?  At some point, Pulp and the rest of the media will realize the bank is spending millions on lawyers and a PR firm to spread rumors about the honest employees and keep the media from covering their involvement.  Wait til they pay huge settlements in the pending Rothstein lawsuits.  Then Pulp will know he got bullied and BS'd by phonies.

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