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Jeffrey Epstein Sues Accused Ponzi Schemer Scott Rothstein For Misusing His Name

First Posted: 03/18/10 06:12 AM ET Updated: 05/25/11 03:55 PM ET

Epstein

It's hard to know who to root for when two disgraced Florida financiers duke it out in court.

CityFile reports that billionaire money manager Jeffrey Epstein, who served 13 months in jail for soliciting a teenage girl for prostitution, is taking aim at accused Ponzi schemer Scott Rothstein.

Earlier this year, state authorities charged Rothstein, a prominent Florida lawyer and powerful political fundraiser, with running a $1.2 billion Ponzi scheme.

According the suit, Rothstein and his law firm's partners used Epstein's name to lure investors into his alleged scheme. Essentially, the suit says, Rothstein's firm claimed to have secured a $200 million settlement with Epstein, and used that amount to "pump" a fraudulent investment scheme.

The suit also argues that Rothstein's firm claimed to represent 52 women who claimed to have been sexually abused by Epstein. In fact, Rothstein's firm only represented three such women in cases the suit describes as "weak."

Is Epstein, he of the allegedly egg-shaped penis, just piling on Rothstein's misfortunes? Read the complaint for yourself (hat tip to ABA Journal).




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Filed by Ryan McCarthy  |