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Former U.S. Attorney Kendall Coffey represents the Rothstein Rosenfeldt Adler firm in the case implicating founder Scott Rothstein. Rothstein is allegedly involved in a scheme that the FBI approximates could deal numerous investors with costs estimated at $1 billion.

Kendall Coffey placed himself in the courtroom spotlight in such prestigious cases as the Elian Gonzalez saga and the presidential election recount in the year 2000. Now a lawyer with Coffey Burlington in Miami, Coffey stated that Rothstein sold structured agreements in whistleblower and sexual harassment suits to investors, some of them hedge funds.

He further explained that Rothstein promised people by doubling their money back or by assuring them with something like a double-digit return in a finite time frame. Scott Rothstein’s swindling scam was a result of the pre- and post-settlement litigation aspects of his practice at Rothstein Rosenfeldt Adler firm. According to information divulged by Law.com, Rothstein was looking for investors to supply settlement accounts for claimants who needed money immediately, instead of providing up-front litigation financing. Although he has not been criminally charged, in a YouTube video, Rothstein said that he was planning to “do the right thing.” Rothstein further elaborated his actions: “I am doing the right thing.”

The former US attorney believed that the investment accounts were assembled by Rothstein’s uncle at the firm that also acted as law firm trust accounts, and was therefore capable of generating liability issues for Rothstein Rosenfeldt Adler.

FBI Special Agent in Charge John Gillies persisted on continuing the investigation. He also expressed his disbelief when he exclaimed, “I do not believe this was a one-man show.”

Kendall Coffey said that they have been busy using the time to prepare the arrest documents. It’s not clear what the exact figures are with regard to the total number of victims.

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