Life and politics from the Sunshine State's best city

Scott Rothstein lawyer: Ponzi schemer left behind ‘great opportunity’ in Morocco

in Statewide by

Can anyone be surprised how this story getting weirder by the moment.  Bob Norman blogs about what Marc Nurik wrote to the judge presiding over Scott Rothstein’s case:

On October 30, 2009, while a select few individuals began learning of the existence and magnitude of his ponzi scheme, Mr. Rothstein was ensconced in Morocco, a jurisdiction with no extradition treaty with the United States, with approximately 16 million dollars in liquid funds at his disposable [sic] and the ability to convert additional assets into cash. He was clearly in a position to avoid U.S. jurisdiction and live out his life very comfortably in a locale that, despite popular misconceptions, offered him substantial business opportunities and a continued lavish lifestyle. It would have been simple to have his immediate family, especially his wife, join him there accompanied by her millions of dollars of jewelry. Even without psychic powers, Scott Rothstein was certainly intelligent enough … to recognize that to return to the United States and confront his crimes would likely result in a very lengthy incarceration, financially and emotionally destroying himself and his family, and being forced to confront unbearable shame and humiliation in front of all who admired and personally depended on him. Yet return is exactly what he did..

Yes, how “simple” it all was, how easy it would have been to convince Kim to join him in Morocco and hit the charity circuit in Rabat. What a crock. Had Rothstein tried to live his life as a businessman in Morocco, which is exactly what he planned to do, he would have been a marked man for the rest of his life. He ripped off milions from the Levy family, which has heavy ties to Israeli organized crime elements. He ripped off milions from heavies in New York. He would have been alone in Morocco, always looking over his shoulder.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.

Latest from Statewide

Go to Top