Deposition Transcript of Scott Rothstein (Albert ... - Trustee Services

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1 sure that he was properly taken care of. Page 84 2 Q. These payments began shortly after his 3 termination from Silversea. 4 Do you recall that? 5 A. I do. 6 Q. Is there a correlation between his 7 termination from Silversea and the payments starting 8 very shortly thereafter? 9 A. There is. 10 Q. Would you describe that, please. 11 A. Yes. At the time that Mr. Lippman and I 12 were talking to Albert and trying to get him to go 13 quietly into the night out of Silversea's employ we 14 finally said to him -- because he was concerned about 15 his finances -- we finally said to him that, "Listen, 16 you've got plenty of money still coming to you from 17 the money we took from Silversea. You've got plenty 18 of money still coming, so we'll just put you on 19 payroll and you'll be fine and you can work on the 20 other projects in the meantime that we were going to 21 do together, like Jewel River." 22 Q. Mr. Lippman participated in that 23 conversation? 24 A. He was present during the conversation. 25 He did not say anything about that as he did not have
1 the authority to say that, but he was present. Page 85 2 Q. I'm going to spend some time on his 3 termination in just a few minutes. 4 Next is what has been labeled in the RRA 5 case as the Lippman nest egg account. 6 Are you familiar with that account? 7 A. I am. 8 Q. Can you describe for me your understanding 9 of what the Lippman nest egg account is? 10 A. It was an account established by myself, 11 Mr. Lippman and Mr. Rosenfeldt utilizing a previously 12 existing formerly legitimate Lippman, Valinsky 13 account for the purpose of taking money out of RRA, 14 funneling it through Lippman, Valinsky in a check 15 kiting scheme that was geared both to assist RRA and 16 pay money to me, Mr. Lippman and Mr. Rosenfeldt above 17 and beyond other moneys we were receiving that we 18 could then not have to declare on our taxes. 19 Q. Would you describe for the record your 20 understanding of what a check kiting scheme is? 21 A. It's playing the float on checks between 22 two different or multiple different banks. 23 Q. Is it your understanding that is not legal? 24 A. It is illegal. 25 Q. I have before me copies of account
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1 UNITED STATES BANKRUPTCY COURT SO
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1 Thereupon: Page 3 2 SCOTT ROTHSTE
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1 of the relationship began. Page 5
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1 say that this is an area of inqui
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1 Q. Sort of using the vernacular h
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1 able to direct that you would get
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1 Q. Did Mr. Peter actually acknowl
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1 beginning she did not. Page 15 2
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1 Q. All right. If you would turn t
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1 A. No. Page 19 2 Q. These are sep
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1 this sounds even with Mr. Peter's
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1 Q. Let's just focus in on the iss
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1 I was providing him legal advice
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1 mutually addressed Mr. Peter and
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1 dollar amount attributable to tha
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1 A. Yes, sir. Page 31 2 Q. And the
Page 33 and 34: 1 A. -- so that he could see it. Pa
Page 35 and 36: 1 A. In the beginning it was me, Al
Page 37 and 38: 1 Albert Peter. Page 37 2 This is t
Page 39 and 40: 1 Silversea? Page 39 2 A. Yes, and
Page 41 and 42: 1 Q. Then if you take a look at pag
Page 43 and 44: 1 with him in the amount of time th
Page 45 and 46: 1 this bill? Page 45 2 A. To the be
Page 47 and 48: 1 tell you that regardless of how m
Page 49 and 50: 1 and then get him the money in one
Page 51 and 52: 1 A. Because I discussed it with hi
Page 53 and 54: 1 MR. LICHTMAN: Uh-oh. A frozen scr
Page 55 and 56: 1 Q. When you say keeping Mr. Lefeb
Page 57 and 58: 1 that he frequented prostitutes wh
Page 59 and 60: 1 A. At a specific point in time we
Page 61 and 62: 1 extent that he knew that they wer
Page 63 and 64: 1 that the police officer was there
Page 65 and 66: 1 A. I don't recall the date, but t
Page 67 and 68: 1 after discussing the issue with A
Page 69 and 70: 1 was located in RRA's offices. Pag
Page 71 and 72: 1 A. Yes. Page 71 2 Q. There's a bi
Page 73 and 74: 1 A. No. It would have been anythin
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: 1 that Mr. Peter received payroll c
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 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
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1 Q. Did you assist in preparing an
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1 helped effect that financial tran
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1 assisting me with. Page 139 2 Q.
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1 A. I needed to get the items that
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1 deleted from their computers but
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1 needed for all of this general ov
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1 Q. How long of a period of time d
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1 from. I think I referenced the he
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1 talking to him about the embarras
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1 River. Page 153 2 Q. Did they hav
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1 A. I don't have a recollection on
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1 There's 12 of these transactions
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1 thousand percent? Page 159 2 A. A
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1 I believe that Manfredi was going
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1 Q. What? Page 163 2 A. When Alber
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1 Q. It references it, yes. Page 16
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1 matter of fact, I may have had Al
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1 CERTIFICATE 2 STATE OF FLORIDA )
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Deposition Transcript of Scott Rothstein (Albert ... - Trustee Services

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