Wednesday, August 18, 2010

Names of Rothstein Ponzi Scheme Victims to Remain Private

The names of the 259 people and companies that Florida attorney Scott Rothstein duped in his massive Ponzi scheme will be kept secret, a federal judge ruled this week.

U.S. District Judge James I. Cohn decided to seal the list of victims, entitled to $279 million in restitution, at the behest of the Justice Department, the Sun Sentinel reported.

Attorneys at the Justice Department said victims had expressed their concerns at having the world know they were among the investors Rothstein bilked out of at least $1.2 billion. Attorneys argued that shielding the names from public view is for the good of the victims’ financial and emotional well-being.

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