the republic logo

Former CFO of Ponzi schemer Rothstein's law firm charged in $1.2 billion fraud

Share/Save/Bookmark

FORT LAUDERDALE, Florida — The former chief financial officer of convicted Ponzi schemer Scott Rothstein's law firm has been charged with conspiracy in the $1.2 billion fraud.

South Florida federal prosecutors filed a court document Wednesday charging Irene Shannon in the case. The document contends that Shannon oversaw much of the accounting and banking at the Rothstein Rosenfeldt Adler law firm and was well aware of the Ponzi scheme.

Court records Wednesday did not list an attorney for Shannon. The type of document filed by prosecutors indicates that she will eventually plead guilty.

Rothstein is serving a 50-year prison sentence after pleading guilty to orchestrating the scam, which involved investments in nonexistent legal settlements. More than a dozen people have also been convicted in the case.

Think your friends should see this? Share it with them!

All comments are moderated before posting. Your email address must be verified with Disqus in order for your comment to appear.
View our commenting guidelines and FAQ's here.

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.