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

1 statements from the Lippman, Valinsky and Storfer
Page 86
2 operating account at Equitable Bank.
3 I have four checks that were made payable
4 to Mr. Peter in the timeframe of December 7, 2006
5 through January 12, 2007. Those checks total
6 $89,723.
7 Do you know what the reason was as to
8 why there were checks written out of the Lippman,
9 Valinsky and Storfer account to Mr. Peter?
10 A. It's one of several possibilities.
11 One, it was money that Albert needed that
12 he felt he was still owed, and which I agreed that he
13 was still owed, from the Silversea embezzlement where
14 at a time where we did not have sufficient funds at
15 RRA to pay him so we had to use the check kiting
16 scheme, or it was a time when he was due payments
17 from the Ponzi scheme and we did not have sufficient
18 funds in the RRA accounts, Ponzi accounts, to pay him
19 so we used the check kiting scheme to get the funds
20 to him. One or the other.
21 Q. The timing of these checks being late
22 December, 2006 to mid January, 2011 -- does that help
23 refresh your memory any?
24 A. No. The only thing that would refresh my
25 recollection is to look at the amounts and try to