Lawyer of the Day: Scott Rothstein

As we’ve noted in Morning Docket for the past two days, lawyer Scott Rothstein is in all kinds of trouble in Florida. From what we understand, it’s Marc Dreier redux, the sunshine state version.

We’re still trying to wrap our heads around the story, but as the Bard would say, the sh** hath hitteth the fan this week.
The WSJ Law Blog is similarly perplexed by the scandal (See What’s Going on at Rothstein Rosenfeldt? Part I and Part II).

Scott Rothstein, a founding partner of Rothstein Rosenfeldt Adler, has been out of the country for the last few days, making this all even more confusing. He just flew back into Miami an hour ago and police have surrounded his firm. We give you context after the jump.

Here’s a link-wrap and a summation of what’s clear at this point:

  • Scott Rothstein is accused of swindling investors of $100 million. See Talking Points Memo.
  • Others are saying $500 million. See Wall Street Journal.
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  • Some are calling it a Ponzi scheme. See South Florida Sun-Sentinel.
  • Rothstein Rosenfeldt Adler has sued Scott Rothstein and the 70-lawyer firm is seeking dissolution. See Reuters.
  • Former U.S. attorney Kendall Coffey has been called in to represent the firm. See the New Times.
  • The firm disclosed Scott Rothstein’s scheme to authorities last week when it realized it was missing a bunch of money from its bank account. See Bloomberg.
  • While all the sh** was flying, Rothstein was hanging out in Morocco. He just flew back to Florida today. See Wall Street Journal.
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  • Police have surrounded his law firm. See Miami Herald.
  • Rothstein was mega politically-connected. Now Florida governor Charlie Crist and others are pledging to return contributions received from him. See the Palm Beach Post.
  • Rothstein has two Rolls Royces. See Talking Points Memo.
  • In other news, the firm’s website is down. And this tagline now seems questionable: