2nd deposition sought for convicted Fla. Ponzi schemer

FORT LAUDERDALE, Fla. (AP) -- Convicted Florida Ponzi schemer Scott Rothstein could be ordered to give a second round of sworn testimony about the inner workings of his $1.2 billion fraud.

A federal judge in Fort Lauderdale is being asked Friday to order a second chance for lawyers to question Rothstein under oath. The 49-year-old disbarred lawyer sat for a 10-day grilling late last year by attorneys representing wronged investors.

The bankruptcy trustee overseeing Rothstein's now-defunct law firm says a second 10-day deposition is needed for that case. The trustee is attempting to locate profits from the scam that can be returned to investors.

Rothstein is serving a 50-year prison sentence after pleading guilty to running the scheme involving investments in phony legal settlements. His cooperation could result in sentence reduction.

(Copyright 2012 by Sunbeam Television Corp. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)