Scott Rothstein Pleads Guilty to $1.2 Billion Ponzi Scheme

By Damien Hoffman

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If Bernie Madoff is the Kobe Bryant of Ponzi Schemes, Scott Rothstein is the Lebron James. For some odd reason, the national media has failed to report Scott Rothstein’s guilty plea to a $1.2 billion Ponzi Scheme — the largest in South Florida’s history.

Rothstein built an entire legal and business empire on lies. The disgraced lawyer faces up to 100 years in prison.

The media has a responsibility to cover these stories. The investing public must restore confidence in the capitalist system, and punishing the financial terrorists is a major component in that process.

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Read more on Ponzi scheme at Wikinvest


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3 Responses to “Scott Rothstein Pleads Guilty to $1.2 Billion Ponzi Scheme”

  1. Tex says:

    If you think Bernie or Scott ran a huge scams, you should investigate the Amway Tool Scam (ATS).

    Amway is a scam, and here’s why: Amway pays out as little money as they can get away with, so they support the higher level IBOs ripping off their downline via the tool scam.

    As a result, about 99% of IBOs operate at a net loss, while the top 1% make several TIMES more from their Amway tool scam than from the Amway products.

    Read about it on my blog, I suggest you start here:X and forward the information to everyone you know, so they don’t get scammed.

Trackbacks/Pingbacks

  1. [...] Wall St. Cheat Sheet: Building a legal business empire on lies. Where is the MSM reporting on the fraud that led to the crash? [...]

  2. [...] mind-boggling “all or nothing” attitude which plagued Bernie Madoff, Allen Stanford, Scott Rothstein, Enron’s Ken Lay, WorldCom’s Bernard Ebbers, Tyco’s Dennis Kozlowski, and many [...]


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