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 never negotiated any terms <strong>of</strong> any deals with you, he<br />
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2 just accepted whatever you said?<br />
3 A. That's a fair statement.<br />
4 Q. To your knowledge, did Mr. Lipsitz first<br />
5 find out about the Ponzi scheme when the news broke in<br />
6 the p<strong>re</strong>ss about the time you fled to Morocco?<br />
7 A. I don't have any idea.<br />
8 Q. Now, do you <strong>re</strong>call testifying that you we<strong>re</strong><br />
9 also investing in legitimate businesses so that you<br />
10 could use those businesses to pay back the investors<br />
11 <strong>of</strong> the Ponzi scheme?<br />
12 A. That was part <strong>of</strong> the ultimate exit strategy,<br />
13 yes, sir.<br />
14 Q. And one <strong>of</strong> those legitimate businesses was<br />
15 Cafe Iguana in Pembroke Pines, cor<strong>re</strong>ct?<br />
16 A. Yes, sir.<br />
17 Q. Did you <strong>re</strong>ceive distribution or salary or<br />
18 cash or other <strong>re</strong>muneration from that business?<br />
19 A. For a period <strong>of</strong> time, yes, sir.<br />
20 Q. What did you <strong>re</strong>ceive, distribution, salary,<br />
21 cash or all <strong>of</strong> the above?<br />
22 A. Distributions. I may have <strong>re</strong>ceived some<br />
23 cash from time to time when we needed cash, but the<br />
24 bulk <strong>of</strong> the money came through checks, through<br />
25 distributions.