Ex-Executive-Rothstein in Ponzi scheme Scam
$1.2 billion in Ponzi Scheme Scam
In the Fort Lauderdale, Florida, A former executive at disbarred attorney Scott Rothstein's law firm in Florida is pleading not guilty to charges that she played a key role in his $1.2 billion Ponzi scheme scam. Debra Villegas entered the plea Wednesday in Fort Lauderdale federal court. Prosecutors say Villegas helped Rothstein set up fake court settlements that is used to lure investors. Prosecutors and Villegas' attorney said she is cooperating with investigators. She will be released on $250,000 bail. The 42-year-old Villegas could get 10 years in prison if find guilty or convicted. Villegas may also have to forfeit $1.2 million in cash, a Weston home and an exotic Maserati car. Mr. Rothstein, 47, was previously pleaded guilty and faces 100 years in prison at a June 9 sentencing on the court room by a case of Ponzi scheme scam.