High Profile Disbarment

The Florida Supreme Court has accepted the consent disbarment of an attorney in the wake of a recent FBI raid on his law office. The Huffington Post reported as follows earlier this month:

Rothstein, 47, a flashy attorney who has raised millions of dollarsfor charities and politicians, has made no public statement since thefraud allegations surfaced earlier this week. The state Democratic andRepublican parties are both returning tens of thousands of dollars inRothstein’s donations, and Gov. Charlie Crist is giving back $9,600from his U.S. Senate campaign.

A spokesman for the law firm, Charles Jones, said the firmcooperated fully with the search and had reopened for business Thursdaymorning. Rothstein was removed as chief executive officer by a judgewho also appointed a receiver to unravel its finances. Attorneys forinvestors say well over $100 million may be lost.

Attorney William Scherer, who represents a dozen investors out some$80 million, said lawsuits are in the works against banks, insurancepolicies and Rothstein’s assets. He also plans to file lawsuits seekingthe return of charitable and political contributions.

The court’s web page links to the documents relating to the disbarment. (Mike Frisch)