News about Al Goldstein

The former Playgirl magazine owner has pleaded guilty to a $250 million corruption scheme that saw him use investor money to finance his luxury lifestyle in Florida. Carl R. Ruderman, 82, pleaded guilty to conspiracy to commit securities fraud on Thursday in Miami and agreed to a five-year maximum term as well as a forfeiture money decision of over $250 million. Prosecutors claim he was involved in a scam that claimed to have harmed more than 4,400 investors in 42 states and promised to use the funds to pay for his credit card, mortgage, vacations, and other items such as his Mercedes-Benz payments and nannies for his children.