Case library · The Con
Settlements That Did Not Exist
United States v. Rothstein (2010)
Charge: Racketeering conspiracy, money laundering conspiracy, mail and wire fraud conspiracy and wire fraudCourt: S.D. Fla.State: FloridaDocket: The Con
The facts
A lawyer sold investors the right to collect on confidential legal settlements, bought at a discount and to be paid out at full value over time. He also took money for short-term loans to businesses. Neither the settlements nor the borrowers existed. Money from new investors paid the earlier ones. To keep it running he produced false bank records, fake online account pages and forged court orders. About $1.2 billion came in over four years.
You have the facts the court had. Guilty or not guilty? Call it in the game with your friends, then see what the court actually decided. Wrong call, you drink.
Citation: United States v. Rothstein (S.D. Fla. 2010)
Read more at justice.gov. The source reveals the outcome.