Former Rothstein CFO charged in $1.2B Ponzi schemeApril 16, 2014 @ 8:44 am
FORT LAUDERDALE, Fla. (AP) -- 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.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Buses to Blame
Buses get hundreds of cars off the roads, but what happens when they get in the way?
Time for Takeoff
Get to know the Blue Angels as they fly in for Seafair this afternoon
Inside Training Camp
See photos from the third day of Seahawks training camp in Renton
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.