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Kimberly Wendell Rothstein, Florida Woman, Sentenced for Role in Ponzi Scheme
Fort Lauderdale, FL – In a shocking turn of events, Kimberly Wendell Rothstein, 38, and Stacie Weisman, 49, have been sentenced for their roles in a plot to conceal and dispose of assets in connection with the Rothstein case.
According to court documents, Kimberly Rothstein and Stacie Weisman knowingly took action to conceal certain items of jewelry, valued in excess of one million dollars, for the purpose of preventing the government from exercising its authority to take such property into its lawful custody and control.
The defendants, along with Scott F. Saidel, 45, were charged in September 2012 in connection with certain crimes committed in furtherance of a plot to conceal and dispose of assets which were subject to forfeiture in connection with a Ponzi scheme orchestrated by Scott W. Rothstein.
Kimberly Rothstein was sentenced to 18 months in prison, to be followed by two years of supervised release. Stacie Weisman was sentenced to three months in prison, to be followed by nine months of home detention and three years of supervised release. Forfeiture of the jewelry valued in excess of one million dollars and $515,000 was also ordered as to both defendants.
The case is being prosecuted by Assistant U.S. Attorneys Lawrence LaVecchio, Jeffrey Kaplan, and Sherri D. Zacar, with the assistance of the Internal Revenue Service, Criminal Investigation (IRS-CI) and the FBI.
Defendant Scott F. Saidel pled guilty on January 30, 2013. He was sentenced on October 7, 2013 to 36 months in prison, to be followed by two years of supervised release.
This case is a sobering reminder of the consequences of engaging in financial crimes. The defendants’ actions not only caused harm to their victims but also undermined the integrity of the financial system.
Defendant Kimberly Wendell Rothstein:
- Exact criminal charges: Conspiracy to commit money laundering and obstruct justice, in violation of Title 18, United States Code, Section 371.
- City and state: Fort Lauderdale, Florida
- Exact date: September 2012 (charged), October 7, 2013 (sentenced)
- Sentence or outcome: 18 months in prison, to be followed by two years of supervised release.
- Dollar amounts where applicable: $515,000 forfeiture ordered
Key Facts
- State: Florida
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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