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 inject money into the Ponzi scheme. You a<strong>re</strong> talking<br />
Page 40<br />
2 about something -- it's like a one all. It was a<br />
3 very -- <strong>re</strong>lative to the Ponzi scheme. It was a very<br />
4 slow inte<strong>re</strong>st deal. And the purpose was to actually,<br />
5 <strong>re</strong>ally assist somebody, though they didn't know the<br />
6 <strong>re</strong>al <strong>re</strong>ason that he needed the money. They we<strong>re</strong><br />
7 <strong>re</strong>ally -- that wasn't the same thing as the<br />
8 investments I pitched them. This was them <strong>re</strong>ally<br />
9 trying to help a friend.<br />
10 Q. But then the<strong>re</strong> came a time to pass after<br />
11 this deal whe<strong>re</strong> Mr. Tonacchio and/or Mr. Lipsitz we<strong>re</strong><br />
12 involved in the bridge loan scheme?<br />
13 MR. SALIM: Form.<br />
14 MR. PHILLIPS: Objection to form.<br />
15 THE WITNESS: They we<strong>re</strong> involved in<br />
16 investments in the Ponzi scheme that I pitched them,<br />
17 yes.<br />
18 BY MR. GAY:<br />
19 Q. I just want to go back to that. Do you know<br />
20 whether or not this Picou <strong>re</strong>lated deal was the first,<br />
21 and I don't want to say similar deal because you've<br />
22 al<strong>re</strong>ady said it was unique. But do you know if this<br />
23 deal <strong>re</strong>garding Mr. Picou p<strong>re</strong>dated any <strong>of</strong> the bridge<br />
24 loan deals?<br />
25 MR. SALIM: Form.
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