Scott Rothstein, the Florida attorney whose alleged ponzi scheme has been chronicled here over the last two weeks, will be charged today with criminal racketeering according to a story from the AP. The government has already initiated seizures of his property, including a large and valuable car collection and a New York condo in the same building as the one seized from Marc Drier.

Rothstein is accused of operating a ponzi scheme based on selling shares in structured payouts from fictitious lawsuits. The FBI has estimated the proceeds from the fraud at $1 billion.