Haute Time: A Look at Ponzi Schemer Scott Rothstein’s Watches to be Auctioned off This Month in Fort Lauderdale
There’s nothing quite as despicable as a ponzi scheme and the pathetic perpetrator behind it. High-profile Fort Lauderdale, FL attorney Scott Rothstein ran his ponzi scheme through his law firm and leeched innocent peoples’ money, buying himself an array of lavish things – perhaps most notably his incredible collection of luxury timepieces.
According to Perpetuelle, his collection is likely the largest to ever be seized by federal authorities in connection to a crime like this and, on Wednesday, July 13, Rothstein’s 262-piece haul is set to be auctioned off. At the start of the year, Rothstein pled guilty to five federal charges of racketeering, money laundering, and fraud for his immense $1.2 billion scheme and is now a convicted criminal facing 50 years in the slammer. His watch collection, worth tens of thousands of dollars apiece, will be sold to July 13’s highest bidder. Here’s a look at some of the pieces. To see the entire collection or for more information on the auction in Fort Lauderdale, visit the auction details on the U.S. Department of the Treasury website.
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