...elgindy has a problem on the extortion
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According to what Carol Remond wrote, although Elgindy is on tape harassing Paul Brown about his diploma mill education and a conviction he thought Brown had, it's Peters who seems to be doing the extortion:
Peters told Brown Elgindy would need about 100,000 shares and that Fiero would need 200,000 shares to cover their existing short positions in the stock of Nuclear Solutions. Message 20830389
Fiero told Brown that what Peters did sounded to him like extortion and that Brown should go to the FBI. This implies that Peters didn't at all speak for Fiero (unless, of course, once Fiero heard the tape he pretended to be ignorant), and thus I would assume Elgindy's lawyers made the argument that Peters didn't speak for their client either.
So, at least as regards Nuclear Solutions, I don't see any smoking gun evidence of extortion.
- Jeff
[originally posted at Message 20957850]
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i think cleveland was proven a liar....
If the jury believes the same thing, then, based on closing arguments, Elgindy's lawyer thinks that makes his client not guilty. Given that it's a criminal trial, the jury has to be unanimous, so the burden of proof is much higher than we are used to with securities related cases, such as with Tokyo Joe.
i'm thinking obstruction of justice regarding informing elgindy of the investigation about him?
This is the government's ace in the hole, the same way tax evasion is when prosecuting mobsters. Elgindy asked for Internet logs to be destroyed. That seems black and white. As for checking the FBI databases to see if there was an open investigation on him, that's a toss-up IMO as Royer was not an employee of Elgindy and thus much more able to act independently (i.e. not be in a position to have to take orders).
- Jeff |
