Tonight, Alan Sakowitz, whistleblower of the ponzi scheme masterminded by Scott Rothstein, tells the story of his decision to turn in Rothstein – a decision made only after getting permission from Rav Shmuel Kaminetzky.
Alan Sakowitz, a whistleblower of a Madoff-like Ponzi scheme masterminded by Scott Rothstein, fraudster extraordinaire, tells the story of his decision to turn in Rothstein with the permission of Rav Shmuel Kaminetzky TO APPEAR SATURDAY NIGHT April 30th AT MIDNIGHT ON TALKLINE WITH ZEV BRENNER ON WMCA 570 AM
A recently published book by the North Miami Beach lawyer and real estate developer who blew the whistle on a massive Ponzi scheme in 2009 revealed that he contacted the FBI only after being guided to do so by Reb Shmuel Kaminetzky, putting an end to a $1.2 billion dollar hoax, the largest fraud ever perpetuated in South Florida.
Alan Sakowitz, now 54 years old, had been looking for investment opportunities when a broker put him in touch with Fort Lauderdale attorney Scott Rothstein, who offered a “100% return” on his investments, which he claimed were “virtually risk free”. After three meetings with Rothstein who promised grandiose returns but was unable to verify any of his claims, Sakowitz was relatively sure that the man who advised him to “buy a shredder and shred everything in both directions” and wore a gun strapped to his ankle was running a Ponzi scheme of epic proportions.
With connections in city, county and state law enforcement, Sakowitz realized that turning Rothstein in was a dangerous proposition, but as a religious Jew, he knew that he couldn’t allow Rothstein to continue perpetuating fraud on innocent victims.
Alan Sakowitz, a whistleblower of a Madoff-like Ponzi scheme masterminded by Scott Rothstein, fraudster extraordinaire, tells the story of his decision to turn in Rothstein regardless of the possible dangerous ramifications of such a decision will
Appear from midnight to 2 AM on Talkline with Zev Brenner on WMCA 570 AM as well as online at www.talkinecommunications.com
The program can also be listened to live on Talkline’s 24 hour a day listen line at 712 432 2378 X 1. Listeners will be able to call in, email. facebook and twitter questions.