Deposition of Scott Rothstein re - Trustee Services
Deposition of Scott Rothstein re - Trustee Services Deposition of Scott Rothstein re - Trustee Services
1 A. Yes, sir. Page 124 2 Q. And all of those notes were, in fact, 3 prepared by you or someone in your office? 4 A. Yes, sir. 5 Q. And the terms of those notes, were those 6 something that were negotiated between you and 7 Mr. Tonacchio, or would you just propose them in your 8 e-mail, he would accept or reject, and then you would 9 do the note? 10 A. To the best of my recollection, I proposed 11 it and he would accept or reject. 12 Q. And, in fact, there were a number of deals 13 where, for whatever reason, he didn't have the money 14 at the time, whatever, he didn't undertake the deal, 15 correct? 16 A. That's correct. 17 Q. By the way, on any of these deals, did he 18 ever pay you in cash or was it all by wire transfer? 19 A. All by wire. 20 Q. All right. Now, when you sent the 21 promissory note to him and -- do you have what is 22 referred to as the defendant's exhibits? There's 23 about 14 pages in front of you. 24 MR. GAY: Just tell him what the prefix is. 25 THE WITNESS: Yes, sir.
1 BY MR. SALIM: Page 125 2 Q. If you'd look at Page TL 04. 3 A. I have it, sir. 4 Q. This is the first deal that we talked about 5 with Mr. Gay. And it goes back to the Ron Picou 6 electrocution story that he went through a number of 7 questions with you. 8 With respect to this particular note, you 9 created it? 10 A. I don't know that I necessarily typed it, 11 but I certainly provided the instruction for someone 12 to prepare it. 13 Q. Is this the standard form of note, other 14 than the payment terms, dates and amounts, that you 15 utilized on all of the deals with Mr. Tonacchio and 16 Mr. Lipsitz? 17 A. With certain variances I'm certain, yes. 18 Q. All right. And at the time you transmitted 19 these notes to them as of -- for instance, on this 20 one, March of 2007, you were also serving as counsel 21 for Mr. Tonacchio, correct? 22 A. You mean actually representing him in 23 ongoing matters at that moment or -- I was his 24 attorney. 25 Q. On a regular basis, whether you were
- Page 73 and 74: 1 A. Yes. Page 73 2 Q. That's an e-
- Page 75 and 76: 1 and it says an hour or less. Page
- Page 77 and 78: 1 Q. So when you generally refer to
- Page 79 and 80: 1 A. Yes, sir. Page 79 2 Q. So acco
- Page 81 and 82: 1 it says, "It was great getting to
- Page 83 and 84: 1 THE WITNESS: I don't. I don't hav
- Page 85 and 86: 1 e-mail, no, sir. Page 85 2 Q. Loo
- Page 87 and 88: 1 then when I finally did have the
- Page 89 and 90: 1 construction loan or something of
- Page 91 and 92: 1 A. I do. Page 91 2 Q. About the m
- Page 93 and 94: 1 couldn't decipher what was being
- Page 95 and 96: 1 A. I do. Page 95 2 Q. George who?
- Page 97 and 98: 1 BY MR. GAY: Page 97 2 Q. A few mo
- Page 99 and 100: 1 MR. PHILLIPS: Same. Page 99 2 THE
- Page 101 and 102: 1 were sitting around in a group, l
- Page 103 and 104: 1 time between myself and these peo
- Page 105 and 106: 1 Q. Did you, in fact, invest money
- Page 107 and 108: 1 A. Specifically, no. Sounds like
- Page 109 and 110: 1 illegal activity that I did with
- Page 111 and 112: 1 other business deals. More than t
- Page 113 and 114: 1 MR. SALIM: Because he's a liar, p
- Page 115 and 116: 1 that were associated with organiz
- Page 117 and 118: 1 crime or associates of organized
- Page 119 and 120: 1 A. Both ones that I was an invest
- Page 121 and 122: 1 are saying? Page 121 2 A. It's no
- Page 123: 1 was a distinction between a "sett
- Page 127 and 128: 1 note was usurious? Page 127 2 A.
- Page 129 and 130: 1 deals or structured settlement de
- Page 131 and 132: 1 been owed money from RRA? Page 13
- Page 133 and 134: 1 A. Yes, sir. Page 133 2 Q. All ri
- Page 135 and 136: 1 MR. GAY: Objection to form. Page
- Page 137 and 138: 1 Q. And did you have an opinion as
- Page 139 and 140: 1 clients and what was going on on
- Page 141 and 142: 1 broken down? Page 141 2 A. That i
- Page 143 and 144: 1 on these "settlement deals"? Page
- Page 145 and 146: 1 yes, sir. Page 145 2 MR. SALIM: A
- Page 147 and 148: 1 "loan." Page 147 2 I think you ca
- Page 149 and 150: 1 asking? I mean, just generally as
- Page 151 and 152: 1 husband/wife privilege. You are n
- Page 153 and 154: 1 Q. It could be a mistake, could b
- Page 155 and 156: 1 uncle, or any other person that t
- Page 157 and 158: 1 Q. What do you mean by that, Scot
- Page 159 and 160: 1 A. Yes. Page 159 2 MR. GAY: Objec
- Page 161 and 162: 1 Q. With respect to the Picou deal
- Page 163 and 164: 1 BY MR. PHILLIPS: Page 163 2 Q. Di
- Page 165 and 166: 1 him, use it as he needed to for d
- Page 167 and 168: 1 BY MR. PHILLIPS: Page 167 2 Q. Ri
- Page 169 and 170: 1 June 4th, Mr. Lichtman asked you
- Page 171 and 172: 1 going on. Then it morphed into fu
- Page 173 and 174: 1 Q. Now, in the plea agreement you
1 A. Yes, sir.<br />
Page 124<br />
2 Q. And all <strong>of</strong> those notes we<strong>re</strong>, in fact,<br />
3 p<strong>re</strong>pa<strong>re</strong>d by you or someone in your <strong>of</strong>fice?<br />
4 A. Yes, sir.<br />
5 Q. And the terms <strong>of</strong> those notes, we<strong>re</strong> those<br />
6 something that we<strong>re</strong> negotiated between you and<br />
7 Mr. Tonacchio, or would you just propose them in your<br />
8 e-mail, he would accept or <strong>re</strong>ject, and then you would<br />
9 do the note?<br />
10 A. To the best <strong>of</strong> my <strong>re</strong>collection, I proposed<br />
11 it and he would accept or <strong>re</strong>ject.<br />
12 Q. And, in fact, the<strong>re</strong> we<strong>re</strong> a number <strong>of</strong> deals<br />
13 whe<strong>re</strong>, for whatever <strong>re</strong>ason, he didn't have the money<br />
14 at the time, whatever, he didn't undertake the deal,<br />
15 cor<strong>re</strong>ct?<br />
16 A. That's cor<strong>re</strong>ct.<br />
17 Q. By the way, on any <strong>of</strong> these deals, did he<br />
18 ever pay you in cash or was it all by wi<strong>re</strong> transfer?<br />
19 A. All by wi<strong>re</strong>.<br />
20 Q. All right. Now, when you sent the<br />
21 promissory note to him and -- do you have what is<br />
22 <strong>re</strong>fer<strong>re</strong>d to as the defendant's exhibits? The<strong>re</strong>'s<br />
23 about 14 pages in front <strong>of</strong> you.<br />
24 MR. GAY: Just tell him what the p<strong>re</strong>fix is.<br />
25 THE WITNESS: Yes, sir.