Former general counsel of notorious Rothstein law firm gets 18 months for fraud
The former general counsel of a bankrupted South Florida law firm that was at the center of a massive fraud was sentenced Friday to 18 months in federal prison for his role in helping managing partner Scott Rothstein swindle investors by selling them “income” from faked settlements.
David Boden, 53, has cooperated with the government from the start and is expected to testify against other defendants charged in connection with the schemes for which the former Rothstein Rosenfeldt Adler chief is now serving 50 years. Prosecutors said Boden verified that the claimed settlements sold by Rothstein, which involved fictitious individuals and entities, were legitimate, the Sun Sentinel reports.
Boden’s lawyer, Alan Ross, argued that Boden had been punished enough by losing his New York law license and his home and declaring bankruptcy. Before the judge imposed sentence, Boden tearfully apologized in a courtroom packed with dozens of family members and supporters.
He pleaded guilty last year to wire fraud charges, the South Florida Business Journal reported in October.
Related coverage:
ABAJournal.com: “Teary Ex-GC for Ponzi Schemer Rothstein: ‘I Didn’t Know the Guy Was a Criminal’”
ABAJournal.com: “Former Gen’l Counsel David Boden is Target of $37.8M Rothstein Law Firm Clawback Suit”
ABAJournal.com: “Imprisoned Ex-Attorney Scott Rothstein: Other Lawyers Had Some Knowledge of State’s Biggest Swindle”
