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Scott Rothstein's COO Charged In Connection With Ponzi Scheme

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Newscom / Charles Trainor Jr

Debra Villegas is the first alleged co-conspirator named in relation to Rothstein's massive fraud. According to the Herald, Villegas used money siphoned from investors to buy her house, a Maserati and make large political donations. (Relatively austere actions when compared to her boss' epic spending spree.)

The Herald reports Villegas is expected to plead guilty. She faces a sentence of up to 10 years.

Read the rest here.

About The Author

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Eric Lach is a reporter for TPM. From 2010 to 2011, he was a news writer in charge of the website?s front page. He has previously written for The Daily, NewYorker.com, GlobalPost and other publications. He can be reached at ericl@talkingpointsmemo.com