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 Ponzi scheme.<br />
Page 88<br />
2 Q. Do you think that's in <strong>re</strong>fe<strong>re</strong>nce to the same<br />
3 million dollars you we<strong>re</strong> just talking about for<br />
4 investment in some <strong>re</strong>al estate deal?<br />
5 A. It looks like it, yeah.<br />
6 Q. So is the point <strong>of</strong> this e-mail that you had<br />
7 transfer<strong>re</strong>d approximately a million dollars to<br />
8 Mr. Tonacchio to invest in a <strong>re</strong>al estate deal, but now<br />
9 you we<strong>re</strong> asking for it back because you had somewhe<strong>re</strong><br />
10 you can make a lot <strong>of</strong> money <strong>of</strong>f <strong>of</strong> those funds?<br />
11 A. Well, that's what I was telling him.<br />
12 Q. I understand, but was that the<br />
13 <strong>re</strong>p<strong>re</strong>sentation, that you just wanted to undo your deal<br />
14 with him or you just wanted the money back<br />
15 temporarily?<br />
16 A. No, no, I didn't want to undo the deal. I<br />
17 wanted to hold the money elsewhe<strong>re</strong>, quote, unquote, so<br />
18 we can earn significant inte<strong>re</strong>st on it.<br />
19 Q. So you understood the natu<strong>re</strong> <strong>of</strong> the <strong>re</strong>al<br />
20 estate deal that you we<strong>re</strong> entering into with<br />
21 Mr. Tonacchio, was that despite the fact that you had<br />
22 transfer<strong>re</strong>d him a million dollars you could get it<br />
23 back to use it when you needed it?<br />
24 MR. SALIM: Form.<br />
25 THE WITNESS: It may have been for a
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