In 1785 words, please discuss include an abstract and introduction of Scott W. Rothstein story (fraudster), the background and history, how He committed the fraud via the fraud triangle, how you would correct the issue, what accounting principles He violated, your recommendations for a fix, internal and external controls violated, and a conclusion.
See below couple articles :
How Scott Rothstein rode $1.2 billion Ponzi scheme to wealth and power :http://www.csmonitor.com/USA/2010/0127/How-Scott-Rothstein-rode-1.2-billion-Ponzi-scheme-to-wealth-and-power
Rothstein Exposé Details Sex, Murder, and Corruption Behind Florida's Largest Ponzi Scheme : http://www.forbes.com/sites/jordanmaglich/2013/01/21/rothstein-expose-details-sex-murder-and-corruption-behind-floridas-largest-ponzi-scheme/© BrainMass Inc. brainmass.com October 2, 2020, 5:53 am ad1c9bdddf
The response addresses the query is posted in 576 words with APA References.
//Scott W. Rothstein was involved in one of the biggest frauds of the financial nature by the means of a Ponzi scheme. The illegal transactions were executed for the purpose of cheating. In this context, various aspects of the fraud by Scott W. Rothstein have been explained below. //
Scott W. Rothstein was a lawyer and the Chief Executive Officer in the law firm by the name of Rothstein Rosenfeldt Adler. This law firm was closed after the fraud by Rothstein was discovered. He committed the fraud by the means of Ponzi scheme, and this was considered as one of the largest frauds in the field of finance (Richey, 2010).
Background and History
Scott W. Rothstein committed the fraud of $ 1.2 billion in South Florida. The amount accumulated by the means of fraud was used for the contribution in the political field, lavish lifestyle, salaries in the law firm and philanthropy. The ...
The solution discusses Scott W. Rothstein's story concerning fraud and with 576 words and APA References.