The Real Deal Miami

Four Rothstein properties in Fort Lauderdale to be auctioned

August 12, 2011 03:57PM

Four homes formerly owned by Florida Ponzi schemer Scott Rothstein will be auctioned off Oct. 4 by Broward County via an online auction site, the South Florida Business Journal reported. The waterfront Fort Lauderdale properties were seized by lender JPMorgan, which foreclosed on them and related entities for a combined $8.81 million. All the homes are on Castilla Isle and range in size from 2,600 square feet to 5,600 square feet. As previously reported, the disbarred attorney was sentenced to 50 years behind bars in June, after pleading guilty to perpetrating a $1.2 billion Ponzi scheme. Millions of dollars worth of personal property was revoked from Rothstein following his arrest, including 22 real estate properties, an 87-foot yacht and a fleet of pricey sports cars. [SFBJ]