Broward News

Scott Rothstein's Miami Appearance: What He's Talking About and When the Public Will Know

Scumbag Scott Rothstein is on day two of chatting up a room full of lawyers in Miami as part of a two-week deposition in which the victims of his Ponzi scheme are trying to get some of their money back.

It was decided months ago that the proceedings, in which Rothstein is supposed to drop a bomb of information that would give a more complete view of the scope and details of his scheme, would be closed to the public.

Today, a judge will decide if the public gets to find out all of what Rothstein's saying now or later -- possibly much later.

The Conrad & Scherer law firm (co-partner William Scherer is representing a handful of investors in this case) will be involved in a hearing today in which they're asking that transcripts of Rothstein's deposition be released quickly to news media, so everyone can find out what's going on in that courtroom, the Associated Press reports.

For now, we can only go off of what all the attorneys are saying.

TD Bank, for example, filed a motion yesterday to add a few emails between Rothstein and his information-technology guy, Curtis Renie, about Renie's fabrication of the TD Bank website:

Meanwhile, TD Bank and some of the investors have been in an ongoing squabble over the Rothstein Rosenfeldt Adler bankruptcy trustees sharing information from a previous interview in which Coquina -- one of the investors involved in the deposition -- questioned Rothstein.

"During the interview, which was not transcribed, counsel asked Rothstein a wide range of questions largely intended to develop the factual predicate for the filing and prosecution of a significant number of lawsuits, including claims against TD Bank that had not yet been filed as of the date of the interview," the filing says.

TD Bank's former senior officer, Frank Spinosa, was name-dropped in that one:

[Attorneys said] that Rothstein said Spinosa was paid approximately $50,000 in cash by Rothstein and that Spinosa received numerous other improper inducements including private jet travel, meals, concert and sporting event tickets and more cash. [The bankruptcy trustee] also said these inducements were such that Rothstein firmly believed he had Spinosa under his control to do whatever he needed inside TD Bank to advance and sustain the Ponzi scheme.

Spinosa has refused to answer questions in a civil trial -- specifically mentioned in this filing by the bankruptcy trustee, as to whether Spinosa rode on a private jet with Rothstein.

Lawyers in the courtroom listening to this current Rothstein deposition haven't given too many details -- really, hardly any -- so this afternoon's decision on releasing the transcripts would be huge.

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Matthew Hendley
Contact: Matthew Hendley