A federal judge ruled Monday that he will not reduce a 50-year prison sentence for a former South Florida lawyer convicted of orchestrating a $1.2 billion Ponzi scheme.
U.S. District Judge James Cohn granted a federal prosecutor's motion to withdraw an earlier offer to reduce Scott Rothstein's sentence.
According to prosecutors, Rothstein failed to comply with his plea agreement by providing false information to the government.
More than two dozen people were convicted in the Fort Lauderdale-based scam.
The 55-year-old pleaded guilty in 2010 to running a massive fraud scheme revolving around investments in phony court settlements.
Former FL Lawyer Convicted Of Ponzi Scheme Wants To See Lesser Sentence
By Jessi Minneci