Scott Rothstein Pleads Guilty to $1.2 Billion Ponzi Scheme

  Google+ | + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

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.

More Articles About:
Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business