In Trevor Milton Trial Private Jet Purchase Shown Then Harvard Prof Ferrell at $1250 an Hour for Milton, American Greed
Seems the closing arguments will be Oct 4, the day CNBC screens American Green on Milton. Booklyn in preparation post-verdict...
By Matthew Russell Lee, Patreon Maxwell book
BBC - Honduras - CIA Trial book - NY Mag
SDNY COURTHOUSE, Sept 29 – The trial of Nikola founder Trevor Milton for wire and securities fraud moved, on September 30, through a US summary witness through Milton's summary Rule 29 motions and first defense witness, at $1250 an hour. Inner City Press was there, and live tweeted. Thread:
Assistant US Attorney Roos: So these are about the truck on a hill video. Can you read Government Exhibit 1006? Summary witness (SW): Jordon Rich responds, I am working on putting together a good video loop about the truck for you to post.
Jury is shown, again, the truck down the hill video. AUSA Roos: Let's go back to chart 1006. What Jordan Rich live to Trevor Milton? SW: That the video is up. Then it is posted to Facebook... Milton that offers it to another. AUSA: Let's play the video...
SW: There was an interview with Maria Bartiromo at FOX on Avenue of the Americas... Also CNBC... Then CNN at 30 Hudson Yards. Then Trevor writes that he'd back in Phoenix after the interviews.
Now after a break the US is showing Trevor Milton's bank records. Summary Witness: Here he wired $4 million from his JPMorgan Chase account for the purchase of land in Wyoming... Here, he bought an aircraft.
Cross examination. Milton's lawyer Mukasey: You weren't the case agent on this, were you? Summary Witness: I was not. Mukasey: And you charts are partial, right?
SW: They do not show everything. Mukasey: Your chart about stock prices skips seven hours. There's no major trading then, right? Summary Witness: I don't know.
Mukasey: And Peter Hicks could have walked away from the Utah land deal, right? Summary witness: I don't know. Mukasey makes a point that if you change the scale of the stock movement chart, it looks different...
Re-direct. AUSA Roos: It's like if you zoom out on a map on your phone, New York City looks small like a dot - but it's kind of a big city, right? Summary witness: Yes. No further questions. Judge Ramos calls a break.
Now before jury back, Rule 29 motions. Milton's lawyer Caruso: On count 1, the statements and omissions were not material, not made in connection with a sale of securities and don't merit a jury question. Count 2, the statute is unconstitutionally vague.
Caruso: Counts 2 & 3, investors got what they paid for. On Court 4, Hicks not only was a lawyer, but had a lawyer, read the SEC filings. Trevor Milton had every reason to believe the quote unquote victims had access to all the facts. Also, venue.
AUSA: We oppose.
Mukasey: There is a "true crime" documentary set to air on October 4. We'd like an instruction. AUSA Roos: You could say, don't watch American Greed.
OK - with US having rested it case, Defense calls its first witness: Harvard Law School Professor Ferrell. He brags about a corporate social responsibility prize he won - and that he was once hired by the SDNY prosecutors.
Brad Bondi: How much are you getting paid? Ferrell: 412 hours at $1250 an hour. So, half a million dollars. And a cut of the billings for a research associate at a consulting firm. I don't have the number. I
Brad Bondi: What's the difference between a consumer and an investor? Ferrell: They are opposites. Consumption and investing.
[Deep thoughts at $1250 an hour]
The case is US v. Milton, 21-cr-478 (Ramos)
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