Deposition of Scott Rothstein re - Trustee Services
Deposition of Scott Rothstein re - Trustee Services Deposition of Scott Rothstein re - Trustee Services
1 "Interest is not six percent," and then "hehehehehe." 2 A. It appears to be a joke about something with 3 low interest rates, but I don't have a specific 4 recollection as to what I was referring to. 5 Q. Was the point of that statement that this 6 deal involved interest that was much, much higher than 7 six percent? 8 A. Yes. 9 Q. If you go on, the second line from the 10 bottom, it says, "Also I have your TVs." Do you see 11 that? 12 A. Yes. 13 Q. Can you tell me what that was about? 14 A. That related to a prior loan deal where the 15 way I pitched it was that the gentleman that they were 16 loaning the money to had decided to give them TVs from 17 someplace as an additional thank you for what they had 18 done for him. So that's referring definitely to a 19 loan deal, a private loan deal. 20 Q. But you were just making that up about the 21 TVs? 22 A. Yes. 23 Q. Did you ever actually buy them TVs? 24 A. My recollection is ultimately I did send 25 them, but it was a ways down the road. Page 70
1 Q. If you'd look at Document 00226, please. Page 71 2 A. Okay. 3 Q. It's again an e-mail from you to, and this 4 time it just say Domenick Tonacchio in the "to" line 5 dated November 21, 2007. Do you see that? 6 A. Yes, I do. 7 Q. Subject is new deal, and then it lays out 8 some terms in the e-mail? 9 A. Yes, I have it. 10 Q. You see on the fifth line where it says, 11 "Interest is well in excess of 100 percent." 12 A. Yes. 13 Q. Would this e-mail be indicative of one of 14 the bridge loan schemes -- scheme related deals? 15 A. This looks more like a settlement funding 16 deal, but I can't tell one way or the other. 17 Q. If you'd look at TL 00210, please. 18 A. I see that. 19 Q. It's an e-mail from you on March 27, 2007 to 20 Kathy Brown. Who's Kathy Brown? 21 A. She was Stuart Rosenfeldt's secretary at the 22 time. 23 Q. The subject of the firm is Barry Lipsitz. 24 Can you review that e-mail and tell me what that's in 25 reference to?
- 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 and 40: 1 Q. So if Mr. Lipsitz previously t
- Page 41 and 42: 1 THE WITNESS: If you could show me
- 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: 1 A. You know, I don't recall speci
- 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
- Page 91 and 92: 1 A. I do. Page 91 2 Q. About the m
- Page 93 and 94: 1 couldn't decipher what was being
- Page 95 and 96: 1 A. I do. Page 95 2 Q. George who?
- Page 97 and 98: 1 BY MR. GAY: Page 97 2 Q. A few mo
- Page 99 and 100: 1 MR. PHILLIPS: Same. Page 99 2 THE
- Page 101 and 102: 1 were sitting around in a group, l
- Page 103 and 104: 1 time between myself and these peo
- Page 105 and 106: 1 Q. Did you, in fact, invest money
- Page 107 and 108: 1 A. Specifically, no. Sounds like
- Page 109 and 110: 1 illegal activity that I did with
- Page 111 and 112: 1 other business deals. More than t
- Page 113 and 114: 1 MR. SALIM: Because he's a liar, p
- Page 115 and 116: 1 that were associated with organiz
- Page 117 and 118: 1 crime or associates of organized
- Page 119 and 120: 1 A. Both ones that I was an invest
1 Q. If you'd look at Document 00226, please.<br />
Page 71<br />
2 A. Okay.<br />
3 Q. It's again an e-mail from you to, and this<br />
4 time it just say Domenick Tonacchio in the "to" line<br />
5 dated November 21, 2007. Do you see that?<br />
6 A. Yes, I do.<br />
7 Q. Subject is new deal, and then it lays out<br />
8 some terms in the e-mail?<br />
9 A. Yes, I have it.<br />
10 Q. You see on the fifth line whe<strong>re</strong> it says,<br />
11 "Inte<strong>re</strong>st is well in excess <strong>of</strong> 100 percent."<br />
12 A. Yes.<br />
13 Q. Would this e-mail be indicative <strong>of</strong> one <strong>of</strong><br />
14 the bridge loan schemes -- scheme <strong>re</strong>lated deals?<br />
15 A. This looks mo<strong>re</strong> like a settlement funding<br />
16 deal, but I can't tell one way or the other.<br />
17 Q. If you'd look at TL 00210, please.<br />
18 A. I see that.<br />
19 Q. It's an e-mail from you on March 27, 2007 to<br />
20 Kathy Brown. Who's Kathy Brown?<br />
21 A. She was Stuart Rosenfeldt's sec<strong>re</strong>tary at the<br />
22 time.<br />
23 Q. The subject <strong>of</strong> the firm is Barry Lipsitz.<br />
24 Can you <strong>re</strong>view that e-mail and tell me what that's in<br />
25 <strong>re</strong>fe<strong>re</strong>nce to?
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