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Rothstein to Switch Plea to Guilty

Former Florida Lawyer Is Charged With Running $1.2 Billion Ponzi Scheme

Scott Rothstein, the onetime Florida lawyer charged by federal prosecutors with running a $1.2 billion Ponzi scheme, plans to change his not-guilty plea to guilty.

Marc Nurik, counsel to Mr. Rothstein, said his client will likely finalize the guilty plea in the next week and will likely announce the plea in federal court on Jan. 27.

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