Deposition of Scott Rothstein re - Trustee Services
Deposition of Scott Rothstein re - Trustee Services Deposition of Scott Rothstein re - Trustee Services
1 inject money into the Ponzi scheme. You are talking Page 40 2 about something -- it's like a one all. It was a 3 very -- relative to the Ponzi scheme. It was a very 4 slow interest deal. And the purpose was to actually, 5 really assist somebody, though they didn't know the 6 real reason that he needed the money. They were 7 really -- that wasn't the same thing as the 8 investments I pitched them. This was them really 9 trying to help a friend. 10 Q. But then there came a time to pass after 11 this deal where Mr. Tonacchio and/or Mr. Lipsitz were 12 involved in the bridge loan scheme? 13 MR. SALIM: Form. 14 MR. PHILLIPS: Objection to form. 15 THE WITNESS: They were involved in 16 investments in the Ponzi scheme that I pitched them, 17 yes. 18 BY MR. GAY: 19 Q. I just want to go back to that. Do you know 20 whether or not this Picou related deal was the first, 21 and I don't want to say similar deal because you've 22 already said it was unique. But do you know if this 23 deal regarding Mr. Picou predated any of the bridge 24 loan deals? 25 MR. SALIM: Form.
1 THE WITNESS: If you could show me the Page 41 2 Lipsitz/Tonacchio portion of the RRA ledgers, I can 3 tell you if it's the first one or not. But without 4 that financial data, I can't tell you whether they 5 invested previously or not. 6 BY MR. GAY: 7 Q. If you'd look at TL 00203, please. Let me 8 know when you have that in front of you. 9 A. I have it. 10 Q. Okay. It looks like to me it's a March 19, 11 2007 e-mail from you to the same 12 Christinaztona@aol.com, the e-mail address we 13 discussed earlier. Do you see that? 14 A. I do. 15 Q. It's also to an e-mail address 16 Barryflash@aol.com. Do you see that? 17 A. I do. 18 Q. Was that Mr. Lipsitz's e-mail address? 19 A. Yes. 20 Q. It's also to TLinvestors@aol.com. That's 21 Mr. Tonacchio's e-mail address at that time? 22 A. Correct. 23 Q. And the subject, the Picou loan. Do you see 24 that? 25 A. I do.
- Page 1 and 2: 1 UNITED STATES DISTRICT COURT FOR
- Page 3 and 4: 1 ALSO PRESENT: 2 Domenick Tonacchi
- Page 5 and 6: 1 MR. LIPSITZ: Barry Lipsitz. Page
- Page 7 and 8: 1 A. That's correct. Page 7 2 Q. Ma
- Page 9 and 10: 1 first had a home just off of A1A
- Page 11 and 12: 1 A. It was an investment vehicle.
- Page 13 and 14: 1 where Mr. Lipsitz was there. Othe
- Page 15 and 16: 1 A. Yes, it's certainly possible.
- Page 17 and 18: 1 establishment? Page 17 2 A. A han
- Page 19 and 20: 1 Q. Who else would have accompanie
- Page 21 and 22: 1 private jet with Mr. Lipsitz? Pag
- Page 23 and 24: 1 Q. And this is an e-mail in June
- Page 25 and 26: 1 Q. Okay. If you see the text of t
- Page 27 and 28: 1 went to that graduation party? Pa
- Page 29 and 30: 1 to name the people? Page 29 2 MR.
- Page 31 and 32: 1 of them was there. Page 31 2 Q. W
- Page 33 and 34: 1 A. I do. Page 33 2 Q. Is that pho
- Page 35 and 36: 1 they are. Page 35 2 Q. You never
- Page 37 and 38: 1 watch for Mr. Tonacchio? Page 37
- Page 39: 1 Q. So if Mr. Lipsitz previously t
- Page 43 and 44: 1 lie. Page 43 2 Q. It would have b
- Page 45 and 46: 1 to mean additional money over and
- Page 47 and 48: 1 risk. Page 47 2 MR. PHILLIPS: Obj
- Page 49 and 50: 1 very long period of time. Page 49
- Page 51 and 52: 1 they could make a lot of money wi
- Page 53 and 54: 1 in reference to the Picou loan? P
- Page 55 and 56: 1 e-mail that goes with this specif
- Page 57 and 58: 1 explain that to me? Page 57 2 A.
- Page 59 and 60: 1 BY MR. GAY: Page 59 2 Q. And look
- Page 61 and 62: 1 excuse me. "Late payment penalty
- Page 63 and 64: 1 Q. But you would refer to each of
- Page 65 and 66: 1 determine whether or not a specif
- Page 67 and 68: 1 Morse and the Levys. Was there an
- Page 69 and 70: 1 A. You know, I don't recall speci
- Page 71 and 72: 1 Q. If you'd look at Document 0022
- Page 73 and 74: 1 A. Yes. Page 73 2 Q. That's an e-
- Page 75 and 76: 1 and it says an hour or less. Page
- Page 77 and 78: 1 Q. So when you generally refer to
- Page 79 and 80: 1 A. Yes, sir. Page 79 2 Q. So acco
- Page 81 and 82: 1 it says, "It was great getting to
- Page 83 and 84: 1 THE WITNESS: I don't. I don't hav
- Page 85 and 86: 1 e-mail, no, sir. Page 85 2 Q. Loo
- Page 87 and 88: 1 then when I finally did have the
- Page 89 and 90: 1 construction loan or something of
1 THE WITNESS: If you could show me the<br />
Page 41<br />
2 Lipsitz/Tonacchio portion <strong>of</strong> the RRA ledgers, I can<br />
3 tell you if it's the first one or not. But without<br />
4 that financial data, I can't tell you whether they<br />
5 invested p<strong>re</strong>viously or not.<br />
6 BY MR. GAY:<br />
7 Q. If you'd look at TL 00203, please. Let me<br />
8 know when you have that in front <strong>of</strong> you.<br />
9 A. I have it.<br />
10 Q. Okay. It looks like to me it's a March 19,<br />
11 2007 e-mail from you to the same<br />
12 Christinaztona@aol.com, the e-mail add<strong>re</strong>ss we<br />
13 discussed earlier. Do you see that?<br />
14 A. I do.<br />
15 Q. It's also to an e-mail add<strong>re</strong>ss<br />
16 Barryflash@aol.com. Do you see that?<br />
17 A. I do.<br />
18 Q. Was that Mr. Lipsitz's e-mail add<strong>re</strong>ss?<br />
19 A. Yes.<br />
20 Q. It's also to TLinvestors@aol.com. That's<br />
21 Mr. Tonacchio's e-mail add<strong>re</strong>ss at that time?<br />
22 A. Cor<strong>re</strong>ct.<br />
23 Q. And the subject, the Picou loan. Do you see<br />
24 that?<br />
25 A. I do.
Change language