Under cross-examination by Breen, Michaelson said that he thought that if government information was shared on the Elgindy site, it must have been okay. Asked whether he thought that Elgindy was credible when he posted information which he said came from the FBI. ,"Not all the time....He lied all the time, exaggerated to make himself look good," Michaelson answered. Michaelson had testified Tuesday that he had no reasons to believe that Elgindy was not being truthful when he said he had confidential information. Asked about his different answer, Michaelson said "Yesterday, I don't know what I said yesterday. I was really tired."
In this statement, Peter Michaelson portraits Anthony as a liar.
"Are you saying that we should disregard your testimony (from Tuesday)," Assistant U.S. Attorney Breen asked Michaelson, who answered, "I rather you would."
In this statement, Michaelson portraits himself as a liar (because he was tired).
Reviewing his trading records, including some from an account at Canadian brokerage firm Union Securities, Michaelson said he did trade in the stock of companies for which Elgindy provided confidential information on the same days that the information was posted on the investing site. Under questioning, Michaelson also said that he purchased some of the shares of a block trade put together by Elgindy in the stock of Nuclear Solutions Inc. (NSOL). Prosecutors allege that Elgindy and others charged in the case extorted discounted stock from companies they targeted in exchange for halting their short selling of their shares. Nuclear Solutions is one of two companies that the government said was extorted by Elgindy and others charged in the case.
And here, he admits he participated in the criminal enterprise by trading NSOL with confidential info, and purchased NSOL stocks from the block of shares that the prosecutors allege Anthony extorted from Paul Brown.
He said all these on the stand and he had no lawyer representing him ?????
...And he supposed to be a defense witness????
I don't get it, ....I thought "Dumbo" is a Disney's character!!!
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