Friday, February 10, 2012

2nd deposition sought for convicted Ponzi schemer (AP)

FORT LAUDERDALE, Fla. ? Convicted Florida Ponzi schemer Scott Rothstein could be ordered to give a second round of sworn testimony about the inner workings of his $1.2 billion fraud.

A federal judge in Fort Lauderdale is being asked Friday to order a second chance for lawyers to question Rothstein under oath. The 49-year-old disbarred lawyer sat for a 10-day grilling late last year by attorneys representing wronged investors.

The bankruptcy trustee overseeing Rothstein's now-defunct law firm says a second 10-day deposition is needed for that case. The trustee is attempting to locate profits from the scam that can be returned to investors.

Rothstein is serving a 50-year prison sentence after pleading guilty to running the scheme involving investments in phony legal settlements. His cooperation could result in a sentence reduction.

Source: http://us.rd.yahoo.com/dailynews/rss/crime/*http%3A//news.yahoo.com/s/ap/20120210/ap_on_re_us/us_lawyer_millions_missing

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