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 to mean additional money over and above the inte<strong>re</strong>st,<br />
2 like a kicker.<br />
3 Q. Is that typically paid upfront?<br />
4 A. In some instances that was and in some<br />
5 instances it wasn't. In this it does not appear that<br />
6 I was paying anything upfront.<br />
7 Q. Okay. If you'd look at number five, it<br />
8 says, "security, and then it <strong>re</strong>fe<strong>re</strong>nces, "a shelf<br />
9 mortgage on Ron Picou's main <strong>re</strong>fe<strong>re</strong>nce." Do you see<br />
10 that?<br />
11 A. Yes.<br />
12 Q. Did part <strong>of</strong> this deal actually involved<br />
13 taking out a mortgage on Mr. Picou's <strong>re</strong>sidence?<br />
14 A. An actual mortgage, no. It appears that I<br />
15 structu<strong>re</strong>d a shell mortgage for the very purpose <strong>of</strong><br />
16 deceiving Mr. Lipsitz and Mr. Tonacchio.<br />
17 Q. Was Mr. Picou awa<strong>re</strong> <strong>of</strong> any <strong>of</strong> this at the<br />
18 time?<br />
19 A. Mr. Picou knew I was going to get him the<br />
20 money. I do not believe that he knew I was getting it<br />
21 from Barry and Domenick.<br />
22 Q. According to Mr. Lipsitz's testimony, the<br />
23 first time that you discussed this deal with either<br />
24 Mr. Tonacchio and/or Mr. Lipsitz was at Capital Grille<br />
25 in Fort Lauderdale and he testified that Mr. Picou was<br />
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