FORT LAUDERDALE, Fla. – FORT LAUDERDALE, Fla. (AP) — Some of the flashier spoils of disbarred attorney Scott Rothstein, who pleaded guilty to running a massive Ponzi scheme, will be sold at an auction in Fort Lauderdale.
The items being auctioned Thursday include an 87-foot Warren yacht, several smaller boats and 10 vehicles, including a Bugatti, a Rolls Royce, a Maserati, a Ferrari and a Bentley. They were seized by the Treasury Department and proceeds will benefit wronged investors.
Rothstein is scheduled to be sentenced June 9 after pleading guilty to five felony charges. Prosecutors say he orchestrated a $1.2 billion Ponzi scheme by promising people large profits by investing in legal settlements that were faked.
Rothstein's law firm imploded shortly before his arrest last year.