Deposition of Scott Rothstein re - Trustee Services

1 note was usurious?
Page 127
2 A. No, he told me that.
3 Q. All right. When did Mr. Tonacchio tell you
4 that?
5 A. From time to time, when I offered him a
6 deal, he would say something to me such as, "Where the
7 F are you getting these particular kinds of deals?
8 How the heck are you charging these people all this
9 interest?"
10 Now, I had a standard response when people
11 asked me that question if they were close to me. I
12 say, "What do you care, you are making a lot of money.
13 Just invest the money. You are making your money back
14 and then some."
15 Q. All right. I noticed in that explanation
16 that you never used the word "usurious" as coming out
17 of his mouth.
18 When did he tell you that he knew the notes
19 were "usurious"?
20 A. He never used the word "usurious."
21 Q. Thank you, sir.
22 By the way, again, just by reference to the
23 typical note, the first one, 04, nowhere in there do
24 you actually specify what the interest rate is, do
25 you?