Fla. Ponzi schemer's wife pleads guilty to hiding $1M in jewelry from federal investigators
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The wife of convicted Ponzi schemer Scott Rothstein has pleaded guilty to concealing more than $1 million in jewelry from federal investigators.
Kim Rothstein pleaded guilty to a conspiracy charge Friday in Fort Lauderdale federal court. The 38-year-old woman faces up to five years in prison when sentenced in April.
Scott Rothstein is serving 50 years for operating a $1.2 billion Ponzi scheme that involved investments in fake legal settlements. The hidden jewelry was among the assets investigators sought to seize and auction to repay wronged investors.
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Kim Rothstein and four others were charged with illegally concealing and selling some pieces, including a 12-carat yellow diamond ring. Lawyer Scott Saidel previously pleaded guilty for his role and faces sentencing June 7. One of Kim Rothstein's friends also pleaded guilty Friday.