The Real Deal Miami

Paul Mitchell founder makes offer for Scott Rothstein’s stake in Versace Mansion

August 16, 2011 04:08PM

Paul Mitchell hair product founder John Paul DeJoria, has expressed his intention to pay the government $100,000 to drop its claim on Scott Rothstein’s former 9.9 percent stake in the Versace mansion in South Beach, now a boutique hotel, the South Florida Business Journal reported.

Attorneys for the Casa Casuarina LLC, the company that owns the mansion, filed papers today in federal court, stating that DeJoria is prepared to close the deal.
The stake was seized from Rothstein in 2009, after his $1.2 billion ponzi scheme was exposed.

“At the end of the day, we wanted to let the court know about this fantastic offer,” an attorney for Casa Casuarina said. “The Rothstein stain has been cleaned up now. Mr. DeJoria has been interested in the property for quite some time.” [SFBJ]