Oh crap! Quick, send back the money!

Would you take money from this man?

Scott Rothstein relished his flashy persona — the spiky hair, the Ferrari, the multi-million-dollar mansion. He was Bronx raised, Fort Lauderdale rich, and the politicians, charities and businesses that accepted his money rarely asked where it came from.

Until now.

On Tuesday, a Florida judge placed Mr. Rothstein’s law firm in receivership after his partner sued and federal authorities began investigating whether he defrauded investors of up to $400 million with a Ponzi scheme based on selling legal settlements.

Even without criminal charges, the accusations are already leading to panic from Tallahassee to Miami, and what appears to be the largest giveback of donations in the state’s political history.

On Tuesday afternoon, the Republican Party of Florida, which received more than $500,000 from Mr. Rothstein, his wife and his law firm since 2002, said it would place contributions from the most recent election cycle ($148,244) into a victim compensation fund.

Minutes later, the Democratic Party of Florida said it had just refunded a $200,000 donation received two months ago from Mr. Rothstein’s firm, followed by Gov. Charlie Crist’s Senate campaign, which said it would refund $9,600 in donations from Mr. Rothstein and his wife…

In all, election records show that in the last seven years, Mr. Rothstein has contributed to more than 20 Florida lawmakers from both parties; the Republican Party in six states; and a wide range of national leaders, including Senator John McCain, the Republican presidential candidate, and Harry Reid, the Senate majority leader and a Democrat, who received $4,800 in June.

Har!

4 thoughts on “Oh crap! Quick, send back the money!

  1. Cinaedh says:

    If all of the politicians returned all of the money they received from all of the criminal organizations…

    Good grief! We’re talking anarchy here – or democracy – depending on your perspective.

    • Mr. Fusion says:

      Good point. Criminals like to curry politicians hoping the power connection will protect them. Whenever an associate does get investigated though, the politicians disown them faster than you can say “Health Insurance companies are a drain on the economy”.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.