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Rothstein: Did investors see the red flags waving?

Here's my Sunday column....

The Scott Rothstein case is far from complete. But investors can learn a few things from the unfolding story of the Fort Lauderdale attorney who is alleged to have taken at least $100 million from investors who wanted to get a piece of lucrative legal settlements. The money is missing.

What exactly was he promising. Huge returns, on unregistered investments, held in accounts that no one audited, with the promise of a payout that depended solely on his word.

Of course, it wasn't ever described that like that.

Here's how these deals worked, based on the offering memo he was showing to local investors, obtained by the Sun Sentinel.

http://www.sun-sentinel.com/business/fl-harriet-110809-20091109,0,6569475.column:

POSTED IN: Your Money (128)

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About This Blog

You've got the job of managing your money. No one in school taught you how.

But you and I, we can teach each other, how to handle it, how to save for retirement, how to make money... < More >

Harriet Johnson Brackey Harriet Johnson Brackey, the personal finance writer for the Sun-Sentinel, has been an award-winning business...< More >

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