June 9, 2010 by Post Team
“I am truly and deeply sorry for what I’ve done. I do not expect your forgiveness. I do not,” Rothstein said in court according to the Sun-Sentinel. “I am ashamed and embarrassed.”
Rothstein was sentenced yesterday morning by U.S. District Judge James Cohn in a court of Fort Lauderdale.
The Sun-Sentinel, Rothstein said “appeared visibly and dramatically changed its six months in federal prison, much thinner, with closely cropped gray hair and goatee.”
Rothstein, who turns 48 on Thursday, he oversaw a program of $ 1,200,000,000 Ponzi scheme that collapsed last fall. He was arrested December 1, 2009 after the regime was exposed. Rothstein’s plan was built on allegedly forged lucrative investments in settlements confidential.
Rothstein asked for leniency in a letter to the judge before sentencing. Rothstein said he contemplated suicide before returning to the United States to face federal charges.
The prison sentence, 10 years longer than prosecutors recommended, drop caps quick Rothstein, now defunct law firm Rothstein Rosenfeldt Adler was once considered a growing force in the South Florida legal circles.
His taste for the Italian luxury sports car, a 87-foot yacht custom, diamonds and watches big cigars made him seem larger than life, and became a favorite of politicians and sports stars. But Rothstein said the judge in a letter, everything was a ruse to feed his own ego and greed. ”
“I did everything I could to increase my power to keep the myth alive, to feed the beast he had created, and try to stay above the law,” Rothstein wrote.
Rothstein pleaded guilty January 27.
The government has seized the assets Rothstein and is in the process of selling to pay restitution to victims. There is also a wrestling match legal tender on the ownership of certain assets and bank accounts linked to the scam and the law firm Rothstein
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