The new Madoff? Former lawyer Scott Rothstein charged in $1B Ponzi scheme, pleads not guilty

A disbarred Florida lawyer surrendered to the FBI on Tuesday and pleaded not guilty to charges he ran a complex Ponzi scheme that bilked investors out of more than $1 billion.

Scott Rothstein, who fled to Morocco in late October but returned to Florida in early November, was denied bond during a brief appearance before a federal magistrate in Fort Lauderdale.

He was charged with racketeering conspiracy under a statute often used to prosecute organized crime chiefs and drug lords.

Rothstein, who was disbarred last week by the Florida Supreme Court, also was charged with mail, wire and bank fraud, and money laundering. He faces up to 20 years in prison on th… >>>

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