Rothstein in federal custody

Posted by Rachel Leigh - email

FT LAUDERDALE, FL (WFLX) - A South Florida lawyer, named in a $1 billion Ponzi scheme, is now facing federal charges.

Scott Rothstein was led into the Miami FBI office in handcuffs following his arrest Tuesday on five charges including racketeering. Rothstein is also charged with mail and wire fraud, money laundering and conspiracy.

Reporters asked his lawyer Tuesday how Rothstein was doing considering he is facing 100 years behind bars if convicted on all counts. "He's strong," his lawyer replied. "Trying to do the right thing."

The FBI has estimated Rothstein's fraud at $1 billion. The document cites unnamed "other conspirators" who also played key roles in the fraud suggesting more people could face charges.