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 Q. With <strong>re</strong>spect to the Picou deal, you<br />
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2 acknowledged that you made up a story, a lie about why<br />
3 Picou needed to borrow money from Barry Lipsitz,<br />
4 cor<strong>re</strong>ct?<br />
5 A. That's cor<strong>re</strong>ct.<br />
6 Q. So you didn't trust Mr. Lipsitz enough to<br />
7 tell him the truth about Picou having gambling debts<br />
8 or wanting to keep money from his daughter or whatever<br />
9 other <strong>re</strong>ason he needed the money, cor<strong>re</strong>ct?<br />
10 MR. GAY: Objection the form.<br />
11 THE WITNESS: It's not that I didn't trust<br />
12 him enough, it's just that Ron -- you have to<br />
13 understand Ron. I know you met him befo<strong>re</strong>, but you<br />
14 <strong>re</strong>ally need to understand him. And he was very<br />
15 sensitive about financial issues and his gambling and<br />
16 the like, and I think it was mo<strong>re</strong> to protect Ron. It<br />
17 wasn't necessarily that I didn't trust Barry.<br />
18 BY MR. PHILLIPS:<br />
19 Q. But for whatever <strong>re</strong>ason you didn't tell<br />
20 Barry the truth, did you?<br />
21 A. I did not.<br />
22 Q. Now, Exhibit 205, T-TL 205, which is part <strong>of</strong><br />
23 the trustee's exhibits, the second to last line you<br />
24 wrote, "Not a bad <strong>re</strong>turn on investment." Do you see<br />
25 that?
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