{"id":26669,"date":"2012-01-02T09:07:12","date_gmt":"2012-01-02T14:07:12","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=26669"},"modified":"2012-01-02T09:07:12","modified_gmt":"2012-01-02T14:07:12","slug":"ex-lawyer-rothstein-testifies-fund-managers-aided-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/01\/2012\/ex-lawyer-rothstein-testifies-fund-managers-aided-ponzi-scheme.html","title":{"rendered":"Ex-Lawyer Rothstein Testifies Fund Managers Aided Ponzi Scheme"},"content":{"rendered":"<p>Bloomberg &#8211; Scott Rothstein, the Florida lawyer sentenced to 50 years in prison for running a $1.2 billion Ponzi scheme, said officials at three Manhattan hedge funds helped him prop up the fraud in its final months, according to transcripts of a court deposition.<\/p>\n<p>Rothstein, 49, said his scheme began to collapse early in 2009, when he could no longer pay customers. Officials at Platinum Partners Value Arbitrage, Centurion Structured Growth, LLC, and Level 3 Capital Fund agreed not to tell potential new investors he failed to make payments to them, he testified.<\/p>\n<p><a href=\"http:\/\/www.businessweek.com\/news\/2012-01-01\/ex-lawyer-rothstein-testifies-fund-managers-aided-ponzi-scheme.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Scott Rothstein, the Florida lawyer sentenced to 50 years in prison for running a $1.2 billion Ponzi scheme, said officials at three Manhattan hedge funds helped him prop up the fraud in its final months, according to transcripts [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-26669","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26669","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=26669"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26669\/revisions"}],"predecessor-version":[{"id":26670,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/26669\/revisions\/26670"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=26669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=26669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=26669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}