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By Paula McMahon, Sun Sentinel

FORT LAUDERDALE, Fla. — A Broward County, Fla., man pleaded guilty to his role in Scott Rothstein’s $1.4 billion Ponzi scheme Tuesday in federal court.

After some last-minute hesitation, Frank Preve, 70, of Coral Springs, pleaded guilty to one count of conspiracy to commit wire fraud. Preve, who worked with a group of hedge funds, admitted he fed more than $20 million from investors into the fraud in the four months before it collapsed in 2009.

Preve initially asked U.S. District Judge James Cohn to delay the hearing for another few weeks, saying that he would plead guilty but wanted more time to prepare himself. One of Preve’s lawyers told the judge his client had been cooperating and negotiating his plea agreement with federal prosecutors for a long time but had suffered a bereavement and some physical and emotional difficulties in recent weeks.

After talking it through with the judge, Preve pleaded guilty to the charge. Preve, who is free on bond, faces a maximum of five years in federal prison and a $250,000 fine when sentenced Dec. 12.

AFP Photo/Greg Wood

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Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.

Reps. Matt Gaetz, left, and Marjorie Taylor Greene on their "America First" tour.

Photo from Rep. Matt Gaetz's verified Twitter

Reprinted with permission from Alternet

At a time when Rep. Matt Gaetz of Florida is facing a federal sex trafficking investigation by the U.S. Department of Justice, Rep. Marjorie Taylor Greene of Georgia has jumped to his defense and joined forces with him for a fundraising tour. The far-right MAGA Republicans are both aggressive fundraisers, repeatedly stressing their unwavering devotion to former President Donald Trump. But according to Daily Beast reporter Roger Sollenberger, the Gaetz/Greene tour has "spent four times as much as" it has raised.

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