Over the past few weeks, the exploits of Scott Rothstein, a South Florida employment lawyer, have become the focus of intense media coverage in the Miami area. Currently under investigation by federal authorities, Rothstein allegedly sold stakes in phony settlements of employment disputes to finance a lavish lifestyle that he began to display in 2005.
This November 14 article from “the Wall” contains a thorough overview of the case.
Authorities believe that the ruse -- essentially a Bernie Madoff-style Ponzi scheme -- could involve hundreds or thousands of investors who possibly forked over a total of more than $1 billion.
Rothstein’s law firm, Rothstein Rosenfeldt & Adler, is widely known in the Miami area as “RRA.” After the alleged Ponzi scheme began to recently unravel, a league source told us that RRA apparently has invested in Goal Line Management, a sports representation firm whose clients include Steelers coach Mike Tomlin and Buccaneers coach Raheem Morris.
Google searches of the terms “RRA” and “Goal Line” reveal connections between the two entities. Perhaps most tellingly, the Florida Department of State shows that Goal Line Management changed its name in December 2008 to “RRA Goal Line Management, LLC.”
It’s unknown whether Tomlin or Morris or any other Goal Line clients or principals (primarily, agent Brian Levy) invested in Rothstein’s Ponzi scheme. It’s early in the process, and even the authorities don’t know who was ensnared by the scam. Recently, the FBI asked the alleged victims to come forward.
If/when that occurs, there could be some names on the list that NFL fans might recognize. After all, NFL players and coaches have plenty of investable money.
