Ponzi schemer Scott Rothstein’s portfolio about to hit the market

TRD MIAMI /
Jan.January 20, 2011 02:17 PM

The waterfront Fort Lauderdale home that belonged to Ponzi schemer Scott Rothstein may soon go up for sale, along with several other luxury properties that federal prosecutors are seeking to forfeit to pay off the victims of his $1.4 billion fraud. The properties include two New York apartments and a pair of mansions in Rhode Island. Prosecutors are currently petitioning a judge to take title to the portfolio, and have already reached several agreements with outside parties who hold interests in the properties. Once the judge grants approval for the takeover, some properties will be auctioned, while others will hit the market through brokers. The 9,235-square-foot mansion, located at 30 Isla Bahia Drive in the tony Harbor Beach enclave, is the “main, main asset,” said Rothstein’s defense attorney, Marc Nurik. It has six bathrooms, eight bathrooms, an elevator, wine room, pool and hot tub, and was most recently appraised at $5 million. [Sun Sentinel]


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