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Fraud Triangle

Scott Rothstein was a prominent Fort Lauderdale attorney. From 2004 until 2009 Rothstein ran South Florida’s largest Ponzi scheme (Franceschina, 2010). His Ponzi scheme collected 1.2 billion dollars during the time it was in operation, and like all Ponzi schemes he relied on payments by new investors to pay the previous investors. When his scheme began to fall apart, Rothstein fled to Morocco. He eventually returned to the United States to try and make a plea deal for a reduced sentence in exchange for his cooperation. (Burstein, 2012). Rothstein is currently serving a 50-year sentence. Methodology In order for Scott Rothstein to perpetrate his crime he would find investors to invest money in lawsuit settlements. He would tell investors that…