Deposition of Scott Rothstein re - Trustee Services

1 because they couldn't have given a crap one way or the
2 other where the money was coming from so long as they
3 made money, they required documents. It varied.
4 Q. Were Mr. Tonacchio and Mr. Lipsitz in that
5 latter group that you are talking about, not giving a
6 crap where the money came from?
7 MR. SALIM: Form.
8 MR. PHILLIPS: Objection to form.
9 THE WITNESS: In the beginning I believe
10 that they trusted me so that they didn't require any
11 additional documentation. After we got into full
12 swing and they were making millions of dollars, I
13 always got the impression that as long as everything
14 was going fine, they were fine.
15 BY MR. GAY:
16 Q. Do you recall typically how the funding
17 would work on the deals that you entered into with
18 Mr. Tonacchio and Mr. Lipsitz, or did you have a sort
19 of routine?
20 A. They would wire the money -- I'd send them
21 an e-mail, they'd accept or reject the deals. They
22 would then wire, and I would overnight them a
23 promissory note with the postdated checks.
24 Q. Why postdated checks as opposed to wiring
25 money back to them?
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