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Rosenfeldt takes Fifth
Tuesday, July 6, 2010, 3:37pm EDT I Modified: Tuesday, July 6, 2010, 3:40pm
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Talk about a bizarre deposition. Watching Scott Rothstein's former partner, Stuart Rosenfeldt, face questioning on Friday was ... well, I'm not supposed to blog about my opinions, but ... reptiles in the dining room? Can't read a balance sheet?
Can't tell us if there were wild, expenses-paid sex parties and frequent drug use by law firm members, because of a federal investigation?
"O_y" is all I can say — and I'm not even Jewish.
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Scott Rothstein
Some in the bl000sohere must have been expecting Rosenfeldt to spill more beans, given his admission to popping Xanax shortly after Rothstein fled town with money from law firm accounts last fall.
Rosenfeldt is definitely in a tough spot here. His only defense to allegations that he knew about Rothstein's Ponzi scheme seem to be claiming total ignorance about a business of which he owned 50 percent. Not a flattering admission for a labor and employment attorney, to say the least.
It was anticipated Rosenfeldt would take the Fifth a lot, and he did. At first, he stated a complete sentence
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every time he faced a question that touched on the Ponzi investigation: "On the advice of my attorney, I'm going to cite the Fifth Amendment."
After Sun-Sentinel a couple was reporting hours, he that switched he had to said, saying "Fifth, just Fifth, "Fifth." Fifth," Then, over after and lunch, over. he So, said he he switched was upset back that to reading the the complete sentence again.
As usual, bankruptcy attomey Chuck Lichtman delivered some zinger questions. Lichtman, of Berger Singerman, asked Rosenfeldt whether he had accepted a check for $3.9 million, and other money, because Rothstein wanted him to look the other way regarding criminal activity. Rosenfeldt took the Fifth.
As for the sex parties question, I had heard rumors ever since the Rothstein scandal broke last year. One version particularly mentioned the Delano in Miami Beach. I already reported allegations of drug use on my bloq. Rosenfeldt's attomey, Bruce Lehr, didn't deny the sex party allegations, saying only that he knew of no factual basis for them.
The fact that bankruptcy attorneys are asking these questions now makes me wonder how much more sordid information about Rothstein Rosenfeldt Adler will be revealed in the coming months. The full story on Rosenfeldt's deposition is here.
Read more: In a tough spot, Rosenfeldt takes Fifth - South Florida Business Joumal