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William Scherer Suing Rothstein on Behalf of 50 Investors Who Lost Millions of Dollars

His nickname was the Prince of Darkness. He was seduced by “greed.” And he loved the “Rothstein lifestyle.”

Those are just a few of the details emerging from hours of depositions convicted Ponzi schemer Scott Rothstein gave to lawyers suing him over his $1.2 billion dollar swindle.

The law firm of one of those lawyers, Conrad & Scherer, released hundreds of pages of transcripts Wednesday. The documents cover the first day of the depositions, December 12. William Scherer is suing Rothstein on behalf of 50 investors who lost millions of dollars.

In the day long interrogation, Rothstein rats on friends and former business partners and tells the tales that led to his billion dollar Ponzi scheme.