Scott Rothstein prominent Ft. Lauderdale attorney

A bad economy is like low tide...........you find things that stink..............

 

I'm trying to figure out the house address he had guarded 24x7 for $400K/yr. He bought it last year for $6.4M so I'd think it's one of the huge sleds on the water.

 

Anybody with a working BS meter could see this coming. The guy was very high profile in a very short time. Hires Ken Jenne, one of the scummiest characters in south Florida politics. Gets his face in all the glossy mags. Fires up the charity machine. Conspicuous consumption x1000. Sucks up to local pro jocks. Marries the flash cocktail waitress from Blue Martini. Gives huge money to politicians. The rumor is most of his cash flow (other than what he apparently took from his investors) was from internet porn. Now it's speculated he's in Morocco which has no extradition treaty with the US.

 

It's in Harbor Beach, I believe. He had 2 Ft L cops on security duty 24/7. There may have been three...one each for him and his wife, one for the house.

 

You're right. Built in 2006. Med style. Great looking place.

Soon to be available I'd guess.

 

When the tide goes out, you see whose been swimming naked.

Scott

 

Scott Rothstein naked....not a pretty picture. His wife, on the other hand.......

 

I have no idea but I just saved a bunch of money on my car insurance by switching to Geico.

 

No real estate listed in his name with the Broward County Property Appraiser. Guess it's in an LLC owned by a Lichtenstein general partnership which is owned by a Grand Cayman trust.....

Jack

 

Greed. It's a mother fu#^er.

Scott

 

Says here he's back in Ft. Lauderdale today
http://www.miamiherald.com/news/miami-dade/breaking-news/story/1314066.html

 

It's on Isla Bahia in Harbor Beach.

 

Very nice street. I know several of his neighbors. One is a member here.

 

How do you sell a settlement ?

 

Well, if it's a structured settlement (one that is paid out over time, or with certain provisions that might affect the total amount) you offer the owner of the settlement a lump sum, usually at a deep discount off of the face or potential gross value. Sort of like winning the lottery and they offer you $10M now or payments worth, say, $12M over a period of time.

 

I do know Scott and am quite friendly with his wife Kim.

Under the circumstances, I think it is not only best, but appropriate for all the people who have never even met the guy to hold their tongues.

He hasn't been charged, let alone been convicted, of any wrongdoing.

All you are doing is spreading the same rumors and innuendo that one vile rag has printed based on what was printed in some other vile rag.

Whatever happened, the facts are this - Scott has been a very, very generous supporter of virtually every major charity in the area - personally giving millions and helping to generate tens of millions more.

Certainly, something happened in his business life - but just because he made a mistake or series of mistakes is no reason to personally attack the guy.

The truth will all come out in the end and if he deserves to be pilloried, he will be. Why are a bunch of people that don't even know him wasting bandwith maligning him when not one of you even knows the story??

Personally, I think that this entire thread is in bad taste, is an embarrassment to FChat, and that it should be deleted.

Scottie

 

I assume his law partner and investment clients would know him better than any of us....Elliott Barnett went through a similar unfortunate situation many years ago.

 

Ohh i see. Thanks for clarifying this !

 

Don't take that as gospel. I'm certainly not an expert on structured settlements and their sale/purchase, but I think that's how it basically operates.

Coincidentally there's another Ft Lauderdale attorney in trouble for selling structured buyouts associated with viaticals, which deal more with insurance payouts than what Rothstein is alleged to have been involved in. Essentially a terminally ill person sells his/her life insurance policy to an investor for something less than the death benefit, gets immediate cash to use as he or she sees fit, and the investor/buyer collects the death benefit. For a long time AIDS patients were the targets of a lot of unethical viatical investors.

 

Tell that to Ed and Ted Morse (Morse Automotive Group) who took it up the you know what to the tune of over $40 million by Scott. There's also George Levin who had a few million evaporate out of thin air too (this is first hand knowledge and not rumor or innuendo).

Do these guy's chalk the loss up to a settlement or two not paying off as promised? An entire portfolio doesn't go down the crapper all at once. The money was spent over time or for that matter....donated over time...

 

I have always said it! "South Florida is like a breakfast cereal...Its full of fruits, flakes and nuts"!

 

I don't see Ed, Ted, or George posting here.

FWIW, I sat and had a drink with Ted last Thursday - at an event hosted by the Rothsteins - and didn't hear anything from him then.

I stand by what I said. If YOU have proof - post it - otherwise, why don't we all wait until this has been resolved by the courts.

BTW, I am not defending Scott nor am I saying that Scott did nothing wrong. What I am saying is that no one here KNOWS anything about what actually happened and that it is wrong to just reiterate the rumors and innuendo without any facts to back it up.

Besides, what does ANY of this have to do with Ferraris?

The mods should remove the thread.

Scottie

 

This is on a region based thread and NOT an automobile based thread so it DOES belong here. This could have implications for other members on this website and henceforth the information known so far should be made public.