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 for $500,000. Page 160 2 A. I don't recall this specifically, no. Just 3 another one of our deals. 4 Q. This is reflected on the spreadsheet, which 5 is Exhibit 48 as loan 1A. 6 I believe that what you did was roll it 7 into what became loan 1B. 8 Do you have any recollection of that? 9 A. I did that from time for time with him and 10 with others, yes. 11 Q. Why did you do that? 12 A. Didn't have the money to pay him at the 13 time. 14 Q. Did he question the fact that you didn't 15 have the money? 16 A. No. 17 Q. Jump to page 59. 18 I guess this e-mail is out of place. This 19 addresses Manfredi. 20 Do you recall this e-mail? 21 A. Yes. 22 Q. Describe it for me. 23 A. Albert and Rita were already in my space 24 working on the Jewel deal and we did not want 25 Silversea to know that they were working with me.
1 I believe that Manfredi was going to be Page 161 2 coming by our offices and I did not want Albert or 3 Rita to be wandering around the 16th floor where my 4 office was when Manfredi came in. 5 Q. Now turn to page 60. Get back on track 6 with the deals. 7 A. Okay. 8 Q. I assume you did a lot of deals so you 9 don't necessarily recall this particular one -- 10 loan 2? 11 A. Nope. I do not. 12 Q. This was consistent with how you often 13 wrote some of the bridge loan deals, though. Right? 14 A. It is. 15 Q. Did he conduct any due diligence on the 16 transaction -- "he" being Albert? 17 A. He did not. 18 Q. Did you ultimately give him a promissory 19 note? 20 A. I may have. I don't have a specific 21 recollection one way or the other. 22 Q. Was there any substantive discussion about 23 the transaction other than that which is stated in 24 the e-mail providing what the repayment schedule was 25 going to be in paragraphs 1 through 6 of the e-mail?
- 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 and 126: 1 with Albert's name on the top of
- Page 127 and 128: 1 tried to explain to him how we we
- 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: 1 thousand percent? Page 159 2 A. A
- 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 for $500,000.<br />
Page 160<br />
2 A. I don't recall this specifically, no. Just<br />
3 another one <strong>of</strong> our deals.<br />
4 Q. This is reflected on the spreadsheet, which<br />
5 is Exhibit 48 as loan 1A.<br />
6 I believe that what you did was roll it<br />
7 into what became loan 1B.<br />
8 Do you have any recollection <strong>of</strong> that?<br />
9 A. I did that from time for time with him and<br />
10 with others, yes.<br />
11 Q. Why did you do that?<br />
12 A. Didn't have the money to pay him at the<br />
13 time.<br />
14 Q. Did he question the fact that you didn't<br />
15 have the money?<br />
16 A. No.<br />
17 Q. Jump to page 59.<br />
18 I guess this e-mail is out <strong>of</strong> place. This<br />
19 addresses Manfredi.<br />
20 Do you recall this e-mail?<br />
21 A. Yes.<br />
22 Q. Describe it for me.<br />
23 A. <strong>Albert</strong> and Rita were already in my space<br />
24 working on the Jewel deal and we did not want<br />
25 Silversea to know that they were working with me.
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