Scott Rothstein Saga: Federal Prosecutors File Motion To Reduce 50-Year Prison Sentence

Categories: Broward News
srothstein-Ponzi.jpg
Scott Rothstein: Looking for his get-out-of-jail-free card
It turns out Fort Lauderdale's king Ponzi schemer Scott Rothstein won't rot away in prison for 50 years after all.

Assistant U.S. Attorney Lawrence LaVecchio filed a motion today to reduce Rothstein's prison sentence, although how much they're willing to reduce it hasn't yet been announced.

The filing says they are willing to reduce the sentence for "having provided substantial assistance to the government in the investigation and/or prosecution of others."

The feds waited until the last possible day under federal law to file a motion for a sentence reduction -- one day before the first anniversary of Rothstein's sentencing date of June 9, 2010.

Now, federal prosecutors have requested an essentially open time frame, and request that the judge not act on the motion until they've gotten what they want out of Rothstein.

Here are some of the points listed on the filing:

  • Prior to the defendant's guilty plea, the defendant began cooperating with the United States in the investigation of others. The defendant has continued to cooperate with federal law enforcement authorities in its criminal investigation. However, that cooperation is not yet complete and will not be within one year of the defendant's initial sentencing.
  • Some of the information provided by the defendant to the government within one year of sentencing has not yet become useful to the government as the investigation is ongoing and has not yet reached fruition.
  • Upon completion of the defendant's cooperation, the government will file a motion for a hearing at which time the government will advise the Court of the nature, extent, and value of the defendant's cooperation.
How much longer this will take is anyone's guess.

Rothstein's cooperation with the feds has already led to three arrests -- alleged Mafia men Enrique Ros, Roberto Settineri, and Daniel Dromerhauser -- and his $1.2 billion Ponzi scheme has led to five -- Debra Villegas, Howard Kusnick, Stephen Caputi, William Corte, and Curtis Renie.


Follow The Pulp on Facebook and on Twitter: @ThePulpBPB.
My Voice Nation Help
11 comments
FringerKnows
FringerKnows

I cannot believe they would do that. I feel Rothstein lost his rights to a fair trial and years in the big house because he stole from others. So what if he's pointing the finger, not FringerKnows, but it's close. As for Steve Caputi, he got so jealous once when i met Rothstein once at a party and Rothstein loved my screenplay about the actor David Carradine Kung Fu. ASAP Caputi put the brakes on, but I hope they put the manacles on him and nickname him Hannibal Lector!

Las Olas witness
Las Olas witness

Rothstein is double-dipping since he already received reduction from 100 years to only 50 years. Now Scotty wants less time for the same "cooperation." Don't think so Scotty.

Crooked X
Crooked X

burn this guy at the stake ...

Wordsmithy
Wordsmithy

Question: May an attorney who is under arrest and awaiting sentencing violate his attorney-client privilege by providing information about current and former clients to the authorities who are prosecuting him? If he is eventually released, does he get to keep his law license? Just a hypothetical, of course.

SunnyD954
SunnyD954

Its pretty amazing.  This guy is the crooked mastermind, ruins countless lives, ensconces several others in his criminal behavior, then rats them out and he is getting a break.What a joke.Makes you wonder if he was working for the Feds the whole time.He was always such a phony.

Parklandman
Parklandman

Hey Timmy did you check his water bill before he went to jail you fn asshole

Parklandman
Parklandman

Hey he should get the whole sentence,he's a lawyer hang that sb,

onlyinfortlauderdale
onlyinfortlauderdale

What about the other name partners in RRA?  They didn't know anything about the Ponzi? REALLY?

The Pulp Blog
The Pulp Blog

I believe Wordsmithy is referring to Rothstein. Since he's disbarred, I'm not sure what would keep him from doing so.

Dpetrano
Dpetrano

Correction below, 2nd line: replace "answer would be no" with "the attorney can't breach confidentiality." 

Dpetrano
Dpetrano

Under arrest for what? if the attorney's arrest/sentencing was for misdemeanor watering one's lawn at night, the answer would be no. On the other hand, if the attorney's sentencing involved conviction on multiple felonies, the attorney is on fast-track to disbarment, so the issue of confidentiality is moot.

Now Trending

Miami Concert Tickets

From the Vault

 

General

Loading...