And the hits keep coming:
Nurik came to the deposition with fortifications – an energy drink, a power bar and Fig Newtons – to answer questions from bankruptcy lawyers seeking to reclaim assets for creditors of the defunct Rothstein Rosenfeldt Adler law firm.Marc Marc Marc!
These are not the weapons of a well-armed lawyer/gladiator.
What are you doing here -- preparing for an important deposition, or packing lunch for a third-grader?
You need life-affirming fortifications for mind and body -- whole grains, nuts, fresh fruit, and of course a small chilled flask of gin.
Also, I've said this before -- what kind of facacta firm was Rothstein running:
So Nurik brought in to the firm the exact amount that the home he lived in rent-free cost Rothstein to purchase? Weird.
Nurik admitted he would regularly ask Rothstein for money to cover personal expenses. He testified he can’t repay the $190,000 in loans he received after he joined the law firm in October 2007. His salary was $350,000 and Rothstein promised a $50,000 loan that year. If he brought business into the firm, the loan would be converted to a bonus, Nurik said.
Nurik said he lived rent free for more than a year in a Castilla Isles home bought by Rothstein for $1.9 million and didn’t pay expenses on the home, but began paying the expenses and $2,500 in monthly rent after Rothstein’s Ponzi scheme imploded in late October.
That month, Nurik said he convinced Rothstein to raise his pay to $500,000 a year and convert the loans into bonuses. He said he has yet to pay income tax on the bonuses and didn’t consider the free rent to be income on which he owed taxes.Bankruptcy lawyer Chuck Lichtman asserted that the $190,000 was in fact loans, and subject to return to creditors. Nurik said he would be willing to negotiate repayment to creditors to avoid a lawsuit, adding he deserved the bonuses because he brought $1.9 million in business to the firm.
And why borrow so much? What personal expenses did he have that required him to live so far beyond his means?
The $2500 he started paying when his free arrangement become public is well below market value, obviously, plus Nurik apparently claimed homestead on a different house.
Golden, flaky tender on the outside.....