Rothstein associate Steven Lippman gets three years

Published On: Sep 14 2012 03:37:11 PM EDT
Updated On: Sep 14 2012 06:55:05 PM EDT

Ex-lawyer Steven Lippman was sentenced in federal court today to three years in prison and ordered to pay $184,000 in fines.

Ex-lawyer Steven Lippman was sentenced in federal court today to three years in prison and ordered to pay $184,000 in fines and restitution for crimes associated with his former law partner, Ponzi schemer Scott Rothstein. 

Lippman, 50, was reimbursed tens of thousands of dollars in fraudulent campaign contributions made to John McCain's 2008 presidential campaign. Lippman also participated in a bank fraud scheme with Rothstein and defrauded the Internal Revenue Service, according to the feds. He pleaded guilty to the charges in May.

Lippman's lawyer, Bruce Zimet, wrote in court papers that "Rothstein posed as a brilliant
businessman who proudly displayed the material results of his success. Instead of questioning
Rothstein’s so called success, Lippman envied Rothstein."

“Steven Lippman, like Scott Rothstein, chose greed over integrity and will now have a price to pay,” said William J. Maddalena, Acting Special Agent in Charge of the FBI's Miami office. “The FBI will continue to shine a light on every aspect of this fraud." 

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