Deposition Transcript of Scott Rothstein (Albert ... - Trustee Services
Deposition Transcript of Scott Rothstein (Albert ... - Trustee Services Deposition Transcript of Scott Rothstein (Albert ... - Trustee Services
1 Silversea, that it was likely that we would continue 2 to represent them for at left a short period of time, 3 and that we were in a good position to move forward 4 on Jewel River Cruises, that we were able to get 5 Albert out without a non-complete that would 6 interfere with Albert's ability to run this company 7 for us. 8 Q. That suggests to me that Stuart knew about 9 your fraudulent billing scheme. 10 Would that be a fair statement? 11 A. I don't believe that Stuart knew the actual 12 mechanics of it, but he definitely knew that we were 13 inflating the bills to Silversea, and the way that I 14 know that is there was more than one occasion where 15 Stuart was joking around with me when he was looking 16 just at general receivables and the like and asking 17 me how the hell could we possibly be doing this much 18 legal work for these people, and I explained it to 19 him that these were the bills that Albert was 20 approving. 21 Q. When you say you explained to him these 22 were the bills that Albert was paying, did you 23 explain to him that you were padding the bills? 24 A. I told him that I was billing based upon 25 what the market could bear at the time, and that I Page 126
1 tried to explain to him how we were additionally Page 127 2 compensating Albert out of that money, because there 3 were times when Stuart would look at records and the 4 like, especially when I put Albert on payroll, Stu 5 wanted to understand why, and I explained to him that 6 we owed him the money, that we owed Albert the money, 7 and I explained to him why we owed him the money. 8 Q. Just to be sure, you know, you used the 9 phrase "what the market would bear." 10 I think that typically that phrase with 11 respect to hourly rates and lawyers would reference 12 whether a lawyer in downtown Fort Lauderdale for 13 instance could get $600 an hour compared to $450 an 14 hour. 15 I don't think that's what you were alluding 16 to. 17 A. That's not what I was alluding to. 18 Q. So let's just clean up the record a bit. 19 When you say what the market would bear, 20 what exactly do you know that you told Stu in terms 21 of your words and what he understood by them and how 22 you know that. 23 A. I told Stuart that I was billing them based 24 upon an arrangement that I reached with Albert with 25 regard to making sure that we had plenty of money
- Page 75 and 76: 1 Q. Is it a fair statement that an
- Page 77 and 78: 1 attorneys' fees that were being i
- Page 79 and 80: 1 Let me first start with Ms. DelVa
- Page 81 and 82: 1 A. Yes. It's part of the money th
- Page 83 and 84: 1 that Mr. Peter received payroll c
- Page 85 and 86: 1 the authority to say that, but he
- Page 87 and 88: 1 match them and see if they match
- Page 89 and 90: 1 He said, "I can send it to you fr
- Page 91 and 92: 1 directed by Albert. Page 91 2 Q.
- Page 93 and 94: 1 A. You'd have to see if it ties t
- Page 95 and 96: 1 moneys were paid. Page 95 2 Q. Wh
- Page 97 and 98: 1 with Manfredi talking to him abou
- Page 99 and 100: 1 recall what we put in the termina
- Page 101 and 102: 1 Q. And how was it that you were c
- Page 103 and 104: 1 like royalty -- and that anything
- Page 105 and 106: 1 case both from a transmittal of f
- Page 107 and 108: 1 affidavits? Page 107 2 A. I'd hav
- Page 109 and 110: 1 A. I don't recall that we specifi
- Page 111 and 112: 1 A. Yes, sir. Page 111 2 Q. What t
- Page 113 and 114: 1 A. I think at that point in time
- Page 115 and 116: 1 was an agreement ultimately signe
- Page 117 and 118: 1 A. Do you have the dates that we
- Page 119 and 120: 1 executives have had refused expen
- Page 121 and 122: 1 A. Yeah. It would have been right
- Page 123 and 124: 1 is that until the very end, until
- Page 125: 1 with Albert's name on the top of
- Page 129 and 130: 1 we're spending. Page 129 2 I reme
- Page 131 and 132: 1 be or what it was. Page 131 2 Q.
- Page 133 and 134: 1 A. Sure. I found out from reading
- Page 135 and 136: 1 Q. Did you assist in preparing an
- Page 137 and 138: 1 helped effect that financial tran
- Page 139 and 140: 1 assisting me with. Page 139 2 Q.
- Page 141 and 142: 1 A. I needed to get the items that
- Page 143 and 144: 1 deleted from their computers but
- Page 145 and 146: 1 needed for all of this general ov
- Page 147 and 148: 1 Q. How long of a period of time d
- Page 149 and 150: 1 from. I think I referenced the he
- Page 151 and 152: 1 talking to him about the embarras
- Page 153 and 154: 1 River. Page 153 2 Q. Did they hav
- Page 155 and 156: 1 A. I don't have a recollection on
- Page 157 and 158: 1 There's 12 of these transactions
- Page 159 and 160: 1 thousand percent? Page 159 2 A. A
- Page 161 and 162: 1 I believe that Manfredi was going
- Page 163 and 164: 1 Q. What? Page 163 2 A. When Alber
- Page 165 and 166: 1 Q. It references it, yes. Page 16
- Page 167 and 168: 1 matter of fact, I may have had Al
- Page 169 and 170: 1 CERTIFICATE 2 STATE OF FLORIDA )
1 tried to explain to him how we were additionally<br />
Page 127<br />
2 compensating <strong>Albert</strong> out <strong>of</strong> that money, because there<br />
3 were times when Stuart would look at records and the<br />
4 like, especially when I put <strong>Albert</strong> on payroll, Stu<br />
5 wanted to understand why, and I explained to him that<br />
6 we owed him the money, that we owed <strong>Albert</strong> the money,<br />
7 and I explained to him why we owed him the money.<br />
8 Q. Just to be sure, you know, you used the<br />
9 phrase "what the market would bear."<br />
10 I think that typically that phrase with<br />
11 respect to hourly rates and lawyers would reference<br />
12 whether a lawyer in downtown Fort Lauderdale for<br />
13 instance could get $600 an hour compared to $450 an<br />
14 hour.<br />
15 I don't think that's what you were alluding<br />
16 to.<br />
17 A. That's not what I was alluding to.<br />
18 Q. So let's just clean up the record a bit.<br />
19 When you say what the market would bear,<br />
20 what exactly do you know that you told Stu in terms<br />
21 <strong>of</strong> your words and what he understood by them and how<br />
22 you know that.<br />
23 A. I told Stuart that I was billing them based<br />
24 upon an arrangement that I reached with <strong>Albert</strong> with<br />
25 regard to making sure that we had plenty <strong>of</strong> money