💰 Financial Record

payment

Transaction Details

Payer (From)
Payee (To)
Transaction Date
January 01, 2005
Description

Bridge loans that morphed into a Ponzi scheme.

Additional Details
Date string: 2005 timeframe
Amount string:
Source document: HOUSE_OVERSIGHT_017492.jpg

📄 Source Document

HOUSE_OVERSIGHT_017492.jpg
ESTATE Collection
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Document Summary

This document is a deposition transcript (pages 6-9) in which a witness (likely Scott Rothstein) admits to starting a Ponzi scheme around 2005 out of 'greed and the need to support the law firm.' The testimony details the history of his law firm's locations (One Financial Plaza, Colonial Bank Building, 401 Building) and partners (Stu Rosenfeldt, Susan Dolin, Michael Pancier). The witness clarifies that despite having approximately 70 attorneys and various people with 'partner' or 'shareholder' titles for 'prestige' and 'ego,' the only actual equity shareholders receiving distributions were himself and Stu Rosenfeldt.

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