A financial adviser accused of deceiving investors who lost millions in Scott Rothstein's $1.4 billion Ponzi scheme is expected to plead guilty to at least one criminal charge later this month, court records show.
Michael Szafranski, 37, of Surfside, is scheduled for a change-of-plea hearing July 29 in federal court in Fort Lauderdale.
Details of any plea agreement with federal prosecutors would not be made public until after the hearing with U.S. District Judge William Dimitrouleas.
Rothstein testified in depositions that Szafranski knew about his fraud. Prosecutors said Szafranski did not know Rothstein was running a Ponzi scheme, but Szafranski knew he and Rothstein were breaking the law.