Ponzi schemer to retain stake in Versace mansion
Kim Rothstein is planning to move out of the $6.5 million Isla Bahia Drive home she once shared with her husband, Scott Rothstein, before his $1.2 billion Ponzi scheme unfolded. The Rothsteins still own the home until the final forfeiture order is issued by a judge, but her attorney, Scott Saidel of Boca Raton, told the Sun Sentinel that Kim is eager to move out as soon as possible. “That house holds a great deal of negative energy for her right now,” Saidel said. Scott Rothstein, a Fort Lauderdale attorney, pleaded guilty to five counts of racketeering, money laundering and fraud in January and is facing up to 100 years in prison when he is sentenced May 6. Some 22 properties owned by Rothstein were turned over to the federal government in December. Last week, bankruptcy attorneys revealed that Kim Rothstein has been living rent-free in the home and renting out her husband’s other multi-milliion dollar properties to tenants since the scandal came to light. [Sun Sentinel]
