Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

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

Interested in national news? Sign up for our daily email newsletter!

Outside the Supreme Court in Washington after Ruth Bader Ginsburg's passing

Photo by ehpien / CC BY-NC-ND 2.0

Reprinted with permission from DailyKos

Of course we're crying. A woman who held us all up for so, so long has finally laid down her burden after the literal fight of a lifetime. We're hurting. We're afraid. We miss her already.

But Republicans are already celebrating the death of pioneering Supreme Court Justice Ruth Bader Ginsburg as an opportunity. Donald Trump is calling on Republicans to act quickly to confirm whatever nominee he puts forward. Senate Majority Leader Mitch McConnell is contemplating whether a no-witnesses impeachment can be topped with a no-hearings confirmation. Ted Cruz is thinking about nothing except what he won't be wearing under that black robe. Tom Cotton is speeding through his collection of KKK-approved all-white handkerchiefs mopping up all of the drool. And Josh Hawley is … probably shooting something.

Keep reading... Show less