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Ex-Rothstein Law Partner Suspended Over Real Estate Deal

FORT LAUDERDALE (CBSMiami/AP) — An ex-partner of convicted Ponzi schemer Scott Rothstein is unable to practice law thanks to a Florida Supreme Court ruling which suspended his  law license over a New York real estate deal.  

The court issued its 91-day suspension Thursday for Fort Lauderdale attorney Russell Adler. He was one of the name partners in the now-defunct Rothstein Rosenfeldt Adler firm that imploded after Rothstein's $1.2 billion Ponzi scheme was uncovered.

The court found that Adler misrepresented his stake in the firm when purchasing a New York co-op apartment and did not disclose certain financing details to the co-op board.

Adler's suspension was not related to the Ponzi scheme, which involved investments in fake legal settlements. Adler has not been charged in the Ponzi case. Rothstein is serving a 50-year prison sentence for operating the scam.

TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

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