Structured Settlements 4Real®Blog 2026
Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.
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Category: Scott Rothstein Ponzi: Not Structured Settlements
Scott Rothstein Ponzi: Not Structured Settlements is a both a fact and a mantra used to counter mislabeling and mischaracterization by a former US attorney that was amplified by the press from 2009-2011.
Key facts
- Scott Rothstein’s deposition. Rothstein testified that special care was taken not to use “structured settlements” as it would have invited more scrutiny due to the need for court approval of each transaction under the structured settlement protectiuon acts.
- The charging document for Scott Rothstein made no mention of structured settlements.
- On November 8, 2009 Alan Sakowitz , President of Pointe Development Company appeared on WPLG-TV to discuss the Rothstein case with Kendall Coffey and reporter Michael Putney. During the discussion, when Coffey suggested that Rothstein was selling “structured settlements,” Sakowitz corrected Coffey, noting that the legal settlements in question could not have been structured settlements.
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With all the good work that the South Carolina legislature is now doing and working on to create the state of the art Structured Settlement Protection law, an April 16, 2023 opinion piece by the Editorial Staff of The Post and Courier was reckless.
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Scott Rothstein himself stated in a 2011 deposition that they had reason to make sure that what he was selling were NOT structured settlements because structured settlements would have brought more scrutiny due to the need for court approval of structured settlement transfers.
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The simplistic explanation by Mr. Beasley and the Miami Herald is reckless and misleading because the term “structured settlements” was not even in the criminal complaint filed Scott Rothstein and Scott Rothstein has already testified that what he was peddling were not structured settlements.
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Scott Rothstein testified that there was reason to make sure they were not structured settlements to avoid making the Ponzi scheme easier to detect, because it would have required falsifying more documents and required Court involvement.
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Why does the ABA, an organization whose members use and benefit from structured settlements, appear to condone the fabrication of a lie about structured settlements, a product that also benefits many tort victims?
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Martha E. Neil, a legal affairs writer/online for Law News Now, could have simply read Scott Rothstein’s criminal complaint, in which there was no mention of structured settlements instead of dredging up old and inaccurate information.
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Kendall Coffey proliferated the confusion, in the interest of self promotion, by continuing to post a video interview with Fox News that suggests that Rothstein was actually selling structured settlements? Kendall Coffey’s been asked to prove it, take down the video, or correct the inaccuracy which led to a storm of misinformation from the national…
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As we reported on December 1, 2009, the charging order in the criminal case against Scott Rothstein contains no mention about structured settlements. Despite the easily found published evidence the South Florida Business Journal abrogated its responsibility as journalists.
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Mislabeled both as a mini-Madoff and a purveyor of structured settlements, it seems unlikely that the cherubic Rothstein will achieve the cult like status in the slammer that the New York Post recently reported being conferred on Bernard Madoff
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Thomas Francis’ post cites information and exhibit provided by 4structures.com LLC President John Darer® to support the story.