Stuart Rosenfeldt Does Good Deeds!

You don't believe me?

Just ask Stuart Rosenfeldt:

"I'm doing this because I make a living at it, and I do good deeds," Rosenfeldt, 56, of Boca Raton, told the Sun Sentinel in an interview.

Oy does this man know how to sweet-talk the press!

This is like one of those Bar proceedings where you bring in someone like Sandy Bohrer to vouch for your general good character, except here Stuart is vouching for himself.

As Alvy Singer quiped in Annie Hall, don't knock masturbation -- it's sex with someone I love.

Scott Rothstein "Dirty Dozen" To Be Charged?

Looks as if at least a dozen alleged co-conspirators of Scott Rothstein are due to be charged in the next few months:

Federal prosecutors say multiple new defendants will be swept up in the wide-ranging investigation into Scott Rothstein's Ponzi scheme.

Their timeline for bringing the new suspects before a federal judge: Six months.

Lawyers close to the Rothstein case have speculated that a dozen to two dozen people could ultimately face criminal charges. 

Two dozen?

That's a lot of lawyers people.

Wonder who's on or off the list?

Herb Stettin to Russ Adler: You Now Work For Me!

I recently had the great pleasure of rewatching Jimmy Caan's best film, Thief, where he plays a Chicago freelance diamond thief dreaming of a better life who gets sucked into working for a local mob kingpin for what Caan thinks is one final heist.

Of course the mobster, brilliantly played by Robert Prosky, has other, longer term plans for the profitable crook.

Naturally we are in a very different context, yet for whatever reason I'm reminded of this superb story line when I read the curious settlement terms reached by receiver Herb Stettin and Russ Adler in the Rothstein bankruptcy, which involves Russ handing over a portion of his settlements or judgments should he be successful in future cases:

The settlement stipulates Adler will pay off the settlement by liquidating a $90,000 IRA and by providing liens on any attorney fee recoveries. The lien is 50 percent on lawsuits Adler prosecuted while at RRA and 15 percent afterward.

So now they're in business together?  And Russ is now working to pay off the settlement by trying to settle cases he either has in the hopper or may one day have in the hopper.

This is allegedly due to his current financial situation:

Critical to determining settlement was a detailed analysis of the Adlers’ current financial condition, which based upon mediation related financial disclosures revealed that the Adlers have no existing bank, securities or other accounts upon which to execute, no equity in their home, leased vehicles and no other liquid non-exempt assets that could be used to satisfy any potential judgment. Further, it appears as if the Adlers may be subject to an IRS notice of lien or other action in an approximate amount of $234,000 and Mr. Adler could be facing other types of exposure in potential Florida Bar or criminal proceedings. Thus, the Trustee could have spent a significant amount of money to prepare for and conduct a lengthy trial which he believes would have resulted in a favorable jury verdict, but the likelihood of a successful collection on any such judgment would have proven difficult.

So who's the winner here -- is this a brilliant move by Adler, a smart move by the trustee, or something else entirely?