The Elliot testimonies
Posted by Spod at 11:6 on Apr 14 2009The Fred and Derek Elliott court case is certainly getting interesting! You have to watch the video snippets the plaintiffs have put on Youtube see here.
You can also read the transcripts of the preliminary hearings on the same website.
So according to Fred, his son Derek has been in charge of the Elliott Group for the past few years. Poor Fred was back in Canada and had no idea what was going on.
But then according to Dereks testimony, he seems unsure about what companies he owns or has shareholdings in. Really?
He also seems unsure about what hes been doing or what the company does and has done
Where do you live Derek?
Long pause. I dont know. long pause I would have to check with the lawyers on that one long pause Does the document say where I live? long pause. Can you be more specific?
If Derek continues to answer questions in such a vague way, this case is going to take a very long time. I dont know if the Elliotts are guilty of knowingly defrauding hundreds of investors, but if I were Derek, and I was innocent I think Id make more effort to answer the basic questions in an honest way.
In one of the videos, Derek, after being asked a simply question, turns on the prosecutor and says, Why are you asking me that? to which the lawyer says I ask the questions you answer.
Funny stuff.
Draw your own conclusions!!
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