Breaking: Rothstein Associates Surrender To Feds

27 May

Two former associates of Ponzi schemer Scott Rothstein are being charged with fraud in federal court today, while two others are set to be charged next week.

The first to turn himself in at the federal courthouse this morning was Rothstein friend and cohort Stephen Caputi, the owner of the now defunct Cafe Igauna nightclub in Pembroke Pines. Caputi, accompanied by his lawyer, Hy Shapiro of Miami, was calm and collected as he prepared to turn himself in to federal marshals just after 8 a.m.

“Hope you got my good side,” he said with a smile as a guard shot his security photo near the door.

Next came former Rothstein Rosenfedlt Adler law firm internet technology employee William Corte, who has admitted to fabricating a TD Ameritrade website for Rothstein that the former lawyer used to dupe investors, according to Corte’s attorney, Alvin Entin. Corte walked into the courthouse silently and didn’t respond to any of my questions. Entin then emerged from the courthouse and explained his client’s case.

UPDATED: Being charged next week will be Curtis Renie, who was Corte’s boss and headed RRA’s IT department, said Entin. And the fourth man expected to be charged next week as well is former Rothstein law partner Howard Kusnick, according to Entin. Kusnick is a long-time associate of Rothstein who acknowledged in court last year that he expected to be indicted by the feds.

All four will plead guilty and are cooperating with prosecutors and the FBI in the Rothstein investigation, which is continuing and is expected to involve many more arrests. Check for footage and additional coverage on Local 10 — reporter Roger Lohse remains at the courthouse and will have a complete and exclusive report on the TV side.

More coming.

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10 Responses to “Breaking: Rothstein Associates Surrender To Feds”

  1. Snot Rothstein May 27, 2011 at 9:11 am #

    Bill and Renie;
    Don’t worry about the time. It’s like a vacation here. You get to work out, study, read. I’ve become an expert on several topics and I believe I am healthier now than I have ever been. This is a relaxing place. Chill. Can’t wait to play cards with you guys.
    Scotty

  2. Christy May 27, 2011 at 9:18 am #

    New Club Fed Members.

    Love Ya

  3. Judge Roy Bean May 27, 2011 at 9:56 am #

    About Time. Its good to see the arrests starting. Hopefully more and often.

  4. Patti Lynn May 27, 2011 at 10:04 am #

    Let’s all remember WHERE this entire case originated. Bob Norman, CONGRATULATIONS !!!!!

  5. Death Frog 3 May 27, 2011 at 10:12 am #

    Bob,

    What the arrests actually happened like you reported? You mean that the naysayers and critics were wrong again? Funny how that works.

    Great job, once again.

  6. Virgil Starkwell May 27, 2011 at 10:48 am #

    “Hope you got my good side”, said Caputi.

    If I were the judge, I would enhance his sentence for general douchebaggery.

    Is that part of the federal sentencing guidelines?

  7. anonymous May 27, 2011 at 11:15 am #

    Stu Rosenfeldt, Russell Adler and Steve Lippman are rumored to be getting their personal affairs in order for a long vacation at the non-beachside Club Pen.

  8. FamilyBlackSheep June 6, 2011 at 4:53 pm #

    WELL, I think they missed a company: http://www.corporationwiki.com/Florida/Lauderhill/florida-iceshots-inc-5666561.aspx It’s not supposed to in business. I think Caputi will get away with it all in the end and laughing all the way of the offshore account.

  9. FamilyBlackSheep June 6, 2011 at 4:54 pm #

    WELL, I think they missed a company that may still be running more stuff, not good, why isn’t this biz off th eradar: corporationwiki.com/Florida/Lauderhill/florida-iceshots-inc-5666561.aspx It’s not supposed to in business. I think Caputi will get away with it all in the end and laughing all the way of the offshore account.

  10. FamilyBlackSheep June 6, 2011 at 5:00 pm #

    All I want to know if will any of these clowns like Steve Caputi Ponzi guy will truly see anything but the pretty little face in the mirror he is laughing at all the folks he hurt and fleeced? I heard from close sources that he didn’t believe in bathing nor used underarm deodorized creme! Once I checked his shower stall and it was dusty, dry and UNUSED, maybe he took a shower at the Ponzi House at the Kaballah Center Boca. Hey Steve, Remember the card you drew it was translated in the one word “SCARY DNA”, whihc I never forgot to this day. Your DNA is scary and feel sorry for your future generation.

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