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

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]


Related Articles

arrow_forward_ios
Ernesto Weisson and Roberto Cortes allegedly ran the Ponzi scheme with a third partner, Juan Carlos Cortes (not pictured). (Credit: Ocean Reef Club)

Latin American investors allegedly lost $250M in Miami real estate Ponzi scheme: lawsuit

Latin American investors allegedly lost $250M in Miami real estate Ponzi scheme: lawsuit
Daily Digest Miami

Airbnb fights against Palm Beach County’s requirement, what’s next for Barneys: Daily digest

Airbnb fights against Palm Beach County’s requirement, what’s next for Barneys: Daily digest
Former offices of South Florida’s biggest Ponzi schemer now available to lease

Former offices of South Florida’s biggest Ponzi schemer now available to lease

Former offices of South Florida’s biggest Ponzi schemer now available to lease
National Cheat Sheet: San Francisco’s luxury homes are selling faster than those in any other US market … & more

National Cheat Sheet: San Francisco’s luxury homes are selling faster than those in any other US market … & more

National Cheat Sheet: San Francisco’s luxury homes are selling faster than those in any other US market … & more
Rapid Realty hit with racketeering lawsuit from franchisee lender

Rapid Realty hit with racketeering lawsuit from franchisee lender

Rapid Realty hit with racketeering lawsuit from franchisee lender
Bar Works founder Renwick Haddow agrees to extradition: SEC

Bar Works founder Renwick Haddow agrees to extradition: SEC

Bar Works founder Renwick Haddow agrees to extradition: SEC
Bar Works victims sue JPMorgan for allegedly helping Ponzi scheme

Bar Works victims sue JPMorgan for allegedly helping Ponzi scheme

Bar Works victims sue JPMorgan for allegedly helping Ponzi scheme
Black’s money: A bizarre co-working scheme and the global rise of online real estate fraud

Black’s money: A bizarre co-working scheme and the global rise of online real estate fraud

Black’s money: A bizarre co-working scheme and the global rise of online real estate fraud
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...