Deposition of Scott Rothstein re - Trustee Services

1 of things.
Page 146
2 BY MR. SALIM:
3 Q. But RRA was not a bank, so it wouldn't have
4 a client coming in for a loan, theoretically. RRA was
5 not a securities dealer, so it couldn't have come in
6 for someone to buy or sell a security. Correct?
7 A. Well, we weren't licensed in that way, but I
8 was certainly leading people to believe that we were
9 loaning clients money.
10 Q. All right. But you were loaning them in
11 order to advance their payoff on a settlement that was
12 structured as payable over time, correct?
13 A. On most of the deals that I did overall with
14 most investors. It certainly appears from looking at
15 the paperwork that a substantial number of the deals
16 that I did with Mr. Tonacchio and Mr. Lipsitz were
17 also of the bridge loan category.
18 Q. Okay. And that's what I would like to see,
19 where, in any of the exhibits, because we only have 14
20 pages, you can refer to David's, where in all of his
21 pages of documents do the words "bridge loan" even
22 come in or come up other than perhaps with respect to
23 the Ron Picou first loan?
24 A. I don't think I ever used the term "bridge
25 loan" in any of those e-mails. I just used the word