Kenneth Rijock

Kenneth Rijock

Monday, October 27, 2014

GENERAL COUNSEL AT SCOTT ROTHSTEIN'S PONZI LAW FIRM, RRA, PLEADS GUILTY



David Boden, the New York-licensed attorney* who served as in-house counsel at Rothstein Rosenfeldt Adler, the Fort Lauderdale, Florida law firm where Scott Rothstein perpetrated a billion dollar Ponzi scheme, creating bogus court settlements, and selling them to investors, has entered a plea of guilty to a single count of Conspiracy to commit Wire Fraud. Boden, who appears to be cooperating with prosecutors, will be allowed to travel to New Zealand in November, on business. The scope of his role in the Ponzi appears to be bit of a mystery, as he was permitted to plead to a minor charge.

The defendant is shown, in the case, as being responsible for facilitating only $2m of investments in phantom settlements; The maximum penalty for this charge is five years in Federal Prison, while Scott Rothstein is serving ten times that amount. Whether Boden had a greater role in the Ponzi scheme than is reflected in the charges has not been revealed, as well as his cooperation. Sentencing has been set for January 9, 2015.
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* Florida Bar records do not show him as being admitted to the practice of law in the State of Florida.

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