Why Ponzi schemer Scott Rothstein won’t get his 50-year sentence reduced

MIAMI—Convicted South Florida Ponzi schemer Scott Rothstein, a disbarred attorney who ran a $1.2 billion investment scheme out of his Fort Lauderdale law firm, will not be receiving a reduction in his 50-year prison sentence because he lied to federal prosecutors, authorities said Tuesday. Prosecutors withdrew their pending motion to reduce Rothstein’s sentence based on his…