Deposition of Scott Rothstein re - Trustee Services

Deposition of Scott Rothstein re - Trustee Services Deposition of Scott Rothstein re - Trustee Services

trusteeservices.biz
from trusteeservices.biz More from this publisher
05.10.2014 Views

1 Q. You don't remember specifically this Page 62 2 instance? 3 A. I do not. 4 Q. Do you remember if they specifically 5 requested a late payment penalty -- 6 MR. SALIM: Form. 7 BY MR. GAY: 8 Q. -- or did you just offer it? 9 A. I'd be guessing. Most of the time I just 10 offered that as an inducement. 11 Q. If you'd look at Document TL 00207, please. 12 A. I have that. 13 Q. That's an e-mail from Scott Rothstein dated 14 April 16, 2007 to TL Investors and Barryflash@aol.com, 15 subject the new loan. Do you see that? 16 A. I do. 17 Q. And then it goes on to say, "The following 18 are the terms of new the loan." Do you see that? 19 A. Yes, I do. 20 Q. Now, when you are referring to a loan in 21 this e-mail, do you know if this is in reference to 22 one of the bridge loans that we spoke about earlier or 23 one of the settlement agreement related deals that we 24 spoke about earlier? 25 A. I do not know. I cannot tell from this.

1 Q. But you would refer to each of these Page 63 2 interchangeably as loans? 3 A. I may have. I need to see some of the 4 e-mails from the settlement deals to see if I used the 5 words interchangeably, but it's certainly possible 6 that I did. 7 Q. Do you have any idea how many of these types 8 of deals you entered into with Mr. Lipsitz, 9 Mr. Tonacchio and/or their related entities and/or 10 wives? 11 A. You mean ones where I called them loans? 12 Q. The total amount of these deals, whether 13 they be bridge loan deals or settlement agreement 14 related deals. 15 A. I don't remember the total number of deals. 16 I recall the number being in the multiple tens of 17 millions of dollars in total between what they paid in 18 and what I paid out. 19 Q. If I were to say somewhere in between 30 and 20 40 deals, does that sound about right? 21 MR. SALIM: Form. 22 THE WITNESS: It does. 23 BY MR. GAY: 24 Q. Were there any other "investors" in the 25 Ponzi scheme deal that had that number of deals?

1 Q. You don't <strong>re</strong>member specifically this<br />

Page 62<br />

2 instance?<br />

3 A. I do not.<br />

4 Q. Do you <strong>re</strong>member if they specifically<br />

5 <strong>re</strong>quested a late payment penalty --<br />

6 MR. SALIM: Form.<br />

7 BY MR. GAY:<br />

8 Q. -- or did you just <strong>of</strong>fer it?<br />

9 A. I'd be guessing. Most <strong>of</strong> the time I just<br />

10 <strong>of</strong>fe<strong>re</strong>d that as an inducement.<br />

11 Q. If you'd look at Document TL 00207, please.<br />

12 A. I have that.<br />

13 Q. That's an e-mail from <strong>Scott</strong> <strong>Rothstein</strong> dated<br />

14 April 16, 2007 to TL Investors and Barryflash@aol.com,<br />

15 subject the new loan. Do you see that?<br />

16 A. I do.<br />

17 Q. And then it goes on to say, "The following<br />

18 a<strong>re</strong> the terms <strong>of</strong> new the loan." Do you see that?<br />

19 A. Yes, I do.<br />

20 Q. Now, when you a<strong>re</strong> <strong>re</strong>ferring to a loan in<br />

21 this e-mail, do you know if this is in <strong>re</strong>fe<strong>re</strong>nce to<br />

22 one <strong>of</strong> the bridge loans that we spoke about earlier or<br />

23 one <strong>of</strong> the settlement ag<strong>re</strong>ement <strong>re</strong>lated deals that we<br />

24 spoke about earlier?<br />

25 A. I do not know. I cannot tell from this.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!