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Fla. Ponzi schemer implicates many others in crime

Over two grueling weeks, convicted Florida Ponzi schemer Scott Rothstein laid out in incriminating detail how far the tentacles stretched in his $1.2 billion fraud, pointing the finger at numerous lawyers, bankers, business people, relatives, friends and unnamed law enforcement officials and politicians. The testimony, made public in hundreds of pages of transcripts, could form the outline of another wave of indictments that federal prosecutors have been promising for months. Rothstein, a 49-year-old disbarred lawyer, was questioned in December by about 30 attorneys representing investors who lost money and some people who could face charges. Read Bloomberg Businessweek report here.

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