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Lawyer charged in billion dollar Ponzi

<b>MIAMI.</b> A disbarred Florida lawyer surrendered to the FBIyesterday and pleaded not guilty to charges he ran a complex Ponzischeme that bilked investors out of more than $1 billion.

MIAMI. A disbarred Florida lawyer surrendered to the FBI yesterday and pleaded not guilty to charges he ran a complex Ponzi scheme that bilked investors out of more than $1 billion.

Scott Rothstein was charged with racketeering conspiracy under a statute often used to prosecute organized crime chiefs and drug lords. He was also charged with mail, wire and bank fraud, and money laundering. He faces up to 20 years in prison on the racketeering charge and up to 100 years if convicted on all counts, plus forfeiture of tens of millions of dollars in illegal profits.

 
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