Deposition of Scott Rothstein re - Trustee Services
Deposition of Scott Rothstein re - Trustee Services
Deposition of Scott Rothstein re - Trustee Services
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1 time between myself and these people, and what I was<br />
2 led to believe as opposed to specific conversations.<br />
3 Because as you know, because you <strong>re</strong>ad all my<br />
4 deposition testimony, the<strong>re</strong> we<strong>re</strong> very few<br />
5 conversations even with the deepest ingrained<br />
6 co-conspirator, whe<strong>re</strong> we said anything specifically<br />
7 about -- such as how is the fraud going.<br />
8 Q. Understood. Just to be clear, I understand<br />
9 your testimony to be that you didn't necessarily have<br />
10 a conversation with Mr. Tonacchio and/or Mr. Lipsitz<br />
11 when you identified either the bridge loan deals or<br />
12 the structu<strong>re</strong>d settlement <strong>re</strong>lated deals to be a Ponzi<br />
13 scheme. My question is, did you ever have --<br />
14 A. That's cor<strong>re</strong>ct.<br />
15 Q. My question is, to the best <strong>of</strong> your<br />
16 knowledge, did either one <strong>of</strong> them or both understand<br />
17 that even if it wasn't a Ponzi scheme, what they we<strong>re</strong><br />
18 investing in was not legitimate?<br />
19 MR. SALIM: Form.<br />
20 MR. PHILLIPS: Objection to form.<br />
21 THE WITNESS: That the<strong>re</strong> was illegality<br />
22 attached to it, yes.<br />
23 MR. GAY: What was the objection?<br />
24 MR. SALIM: What was the objection? How<br />
25 would he know what they know unless he tells them.<br />
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