Deposition of Scott Rothstein re - Trustee Services
Deposition of Scott Rothstein re - Trustee Services Deposition of Scott Rothstein re - Trustee Services
1 A. Yes. Page 74 2 Q. First line is, "May be getting a large 3 insurance check from Picou's insurer next week." Do 4 you see that? 5 A. Yes. 6 Q. Can you tell me what that's in reference to? 7 A. It appears to be me just making up an excuse 8 as to why a payment is going to be made at a specific 9 period of time. 10 Q. Do you remember what either the real or 11 alleged involvement of an insurance company was, or an 12 insurance payment in the Picou loan deal? 13 A. I do not. 14 Q. If you'd look at 00214, please. 15 A. Okay. 16 Q. It's a June 14, 2007 e-mail from you to TL 17 Investors. You see that? 18 A. I do. 19 Q. It says, "Can you check on the 286K wire. 20 It has not arrived and I have another hour or so to 21 fund or this guy gets crushed." Do you see that? 22 MR. SALIM: Form. 23 THE WITNESS: I do. 24 MR. GAY: What was the problem? 25 MR. SALIM: I think you read an hour or so
1 and it says an hour or less. Page 75 2 MR. GAY: Bill is keeping me honest. 3 BY MR. GAY: 4 Q. Where it says, "or this guy gets crushed," 5 do you know what this is in reference to? 6 A. Yes, this appears to be a bridge loan deal 7 and I was telling them that this guy needed this money 8 by a specific period of time. 9 Q. If you'd look at 00217, please. 10 A. I have it. 11 Q. It's a June 28th, 2007 dated e-mail from 12 Scott Rothstein to TL Investors. You see in the first 13 line it says, "The last of the three deals on the 14 exact same terms as the last two hit just now." Do 15 you see that? 16 A. Yes. 17 Q. This goes on to say, "Same exact terms as 18 the last one." What were you referring to? 19 A. Yes. 20 Q. What were you referring to there with, "The 21 last three deals on the exact same terms as the last 22 two"? 23 A. Just referencing two prior deals as if there 24 were three deals that were identical. 25 Q. Why would there be three deals that would be
- 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 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: 1 A. Yes. Page 73 2 Q. That's an e-
- 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
- Page 121 and 122: 1 are saying? Page 121 2 A. It's no
- Page 123 and 124: 1 was a distinction between a "sett
1 and it says an hour or less.<br />
Page 75<br />
2 MR. GAY: Bill is keeping me honest.<br />
3 BY MR. GAY:<br />
4 Q. Whe<strong>re</strong> it says, "or this guy gets crushed,"<br />
5 do you know what this is in <strong>re</strong>fe<strong>re</strong>nce to?<br />
6 A. Yes, this appears to be a bridge loan deal<br />
7 and I was telling them that this guy needed this money<br />
8 by a specific period <strong>of</strong> time.<br />
9 Q. If you'd look at 00217, please.<br />
10 A. I have it.<br />
11 Q. It's a June 28th, 2007 dated e-mail from<br />
12 <strong>Scott</strong> <strong>Rothstein</strong> to TL Investors. You see in the first<br />
13 line it says, "The last <strong>of</strong> the th<strong>re</strong>e deals on the<br />
14 exact same terms as the last two hit just now." Do<br />
15 you see that?<br />
16 A. Yes.<br />
17 Q. This goes on to say, "Same exact terms as<br />
18 the last one." What we<strong>re</strong> you <strong>re</strong>ferring to?<br />
19 A. Yes.<br />
20 Q. What we<strong>re</strong> you <strong>re</strong>ferring to the<strong>re</strong> with, "The<br />
21 last th<strong>re</strong>e deals on the exact same terms as the last<br />
22 two"?<br />
23 A. Just <strong>re</strong>fe<strong>re</strong>ncing two prior deals as if the<strong>re</strong><br />
24 we<strong>re</strong> th<strong>re</strong>e deals that we<strong>re</strong> identical.<br />
25 Q. Why would the<strong>re</strong> be th<strong>re</strong>e deals that would be