FBI says alleged fraud scheme involving South Florida lawyer could exceed $1 billion
By APThursday, November 12, 2009
FBI: Alleged scheme by Fla. lawyer could top $1B
NORTH MIAMI BEACH, Fla. — Investigators say the alleged fraud scheme run by a prominent South Florida lawyer is likely to exceed $1 billion and involve thousands of investors.
Miami FBI chief John Gilles (GILL-eez) said Thursday morning that investigators want investors with attorney Scott Rothstein to come forward. Rothstein is suspected of misappropriating millions through a legal settlement investment scam.
No criminal charges have been filed yet, but in a civil complaint, prosecutors accused Rothstein of concocting a Ponzi scheme that lured millions from investors. Gilles said the investigation is likely to take weeks or longer.
Filed under: Business, Corporate, Corporate News, Crime, Government, Politics
Tags: Corporate Crime, Florida, Fraud And False Statements, Law Enforcement, North America, North Miami Beach, United States
Tags: Corporate Crime, Florida, Fraud And False Statements, Law Enforcement, North America, North Miami Beach, United States
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