All about The Network
Legal Headline News


Follow Us




The Network Channels

Legal Broadcast Network Channels

LBN Videos


Settlement Channel

The Factoring Channel

The Tax Law Channel

WTLA Podcast Channel

Civil Action Channel

Speaking of Settlements

Law Finance & Management Channel

Arizona Law Channel

Justicia Para Todos

The Settlement Planning Channel

Fitzgerald Mortons Gallery
The Networks Editorial Blogs
The Network Blog Roll
Join Our Shows
Twitter LB Networks!
follow me on Twitter


Penstion Protection Act Advocates

Scottsdale Custom Home Builder

Annuity News Now

« Jan Schlichtmann Discusses Amgen Qui Tam | Main | Jan Schlichtmann "Chemical Delivery Set Up Danversport Blast" »

The FBI Broadens The Investigation of Scott Rothstein Structured Settlement Fraud

(Associated Press) Investigators say the alleged fraud scheme run by a prominent South Florida lawyer is likely to exceed $1 billion and involve thousands of investors.

Miami FBI chief John Gilles (GILL-eez) said Thursday morning that investigators want investors with attorney Scott Rothstein to come forward. Rothstein is suspected of misappropriating millions through a legal settlement investment scam.

No criminal charges have been filed yet, but in a civil complaint, prosecutors accused Rothstein of concocting a Ponzi scheme that lured millions from investors. Gilles said the investigation is likely to take weeks or longer.

In a special edition of Voices of the Law, Mark Wahlstrom and Jan Schlichtmann discuss how this fraud has smeared the structured settlement industry by falsely implying that Rothstein was selling or manipulating structured settlements, when in fact it was a standard variety, but grand scale Ponzi scheme based on the cash now industry that is plaguing the legal profession.

Listen in as The Civil Action Attorney Jan Schlichtmann discusses this fraud, it's impact on the legal profession and the need for lawyers to stand firm against ethical and financial temptations that put their clients at potential risk.



Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.