Guilty Plea Date Set for Ponzi Scheme Case

A judge has set a Jan. 27 date for a disbarred South Florida lawyer to plead guilty to charges stemming from what authorities call a $1.2 billion Ponzi scheme. The date was set at a hearing Wednesday after Scott Rothstein’s attorney announced he will plead guilty. Rothstein had initially pleaded not guilty to racketeering, fraud and conspiracy charges after his December arrest.

Rothstein attorney Marc Nurik said plea deal details are incomplete. The charges carry a maximum sentence of 100 years behind bars. Prosecutors say Rothstein used his now-defunct Fort Lauderdale law firm to bilk thousands of investors with the promise of payment from phony legal settlements.

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