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Latest sentencing in $1.2B Scott Rothstein Ponzi scheme

Five years after a South Florida lawyer went to prison for running a $1.2 billion Ponzi scheme, his financial adviser faced his own sentencing.

In 2010, Scott Rothstein, an attorney with Rothstein Rosenfeldt Adler in Fort Lauderdale was sentenced to 50 years in prison for wire fraud, money laundering and racketeering. His financial adviser, Michael Szafranski, is the latest of more than two dozen people attached to the Ponzi scheme who have been convicted.

Mr. Szafranski was given a two-and-a-half year prison sentence Monday after pleading guilty to wire fraud. His lawyer did not immediately respond to a request for comment.

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