Feds seize Ferrari from Fla. lawyer accused of $100M fraud scheme

Federal agents are seizing assets from a Florida lawyer suspected of orchestrating a multimillion-dollar fraud scheme.

FBI and Internal Revenue Service agents were at the ritzy Fort Lauderdale home Monday of 47-year-old attorney Scott Rothstein. A Miami Herald photo shows agents seizing a red Ferrari. The seizure warrants are sealed.

Rothstein is accused by investors of misappropriating $100 million or more through investments in legal settlements. No criminal charges have been filed. Rothstein’s lawyer didn’t immediately return a telephone call Monday.

A judge removed Rothstein as CEO of the law firm and appointed a receiver to untangle its finances. The receiver was scheduled at a Monday hearing to give an update.