SCOTT SAIDEL | ENTERED A PLEA OF GUILTY

PONZI SCHEMER ROTHSTEIN'S WIFE'S ATTORNEY PLEADS GUILTY TO MONEY LAUNDERING

Fallout from the billion dollar Ponzi scheme perpetrated by convicted Attorney Scott Rothstein continues. Yesterday, Rothstein's wife's attorney, Scott Saidel*, entered a plea of guilty in US District Court in Fort Lauderdale.

Saidel, who assisted Kin Rothstein in hiding, and later selling, or attempting to sell, $1m in jewelry that her husband had bought with criminal proceeds, has pled to:

(1) Money Laundering Conspiracy.

(2) Obstruction of Justice.

(3) Witness Tampering.

Saidel, who is from Boca Raton, Florida, forfeited jewelry of his own, $65,000 in cash, and other assets. He faces five years in Federal Prison when he is sentenced on 7 June. ________________________________________________________________________ * Case No.: 12-cr-60204-RSR (SD FL).

~Contributed & Written by Kenneth Rijock ~