Notes from court today:
they said 3200 people lost 16 million from cshd
$157 mill all together
she was saying that the ucc-1 cert was fraud
they had thomas benson auditor for rph
merril lynch 2 reps sayin where they halted all the trade when his mom ,brother and wife tried to trade 2 days apart and dump a bunch of shares he gave reports on what all he spent his money on ...guess what it was....LOL horses...stables,feed, transportation,retail,resturants
said that rph got millions by tellin the share holders a 6-1 story
ucc-1 note was all fraud
alana said he was ceo of another corp in las vegas a few yrs ago broadband and got fraud charges brought up again she was tryin to prove that this was a pattern set by rph ...who knows
bloomberg terminal said that $157mill traded from sept 06 till oct 06
blue sheet statement says that there was NO evidence that rph sold any stock at this time
250,000 shares sold short
bloomberg sheets records and blue sheets kept by merrill lynch and benson his auditor
judge asked her if there was another ceo of the company ....she said that is the biggest mess ,,noone knows
alana tried to say that he was not married to his wife anisa jarrot at the time she tried to sell her shares...i have no clue on that
had david elzina from atl sec office there ..he says there is evidence that there is another bank somewhere not sure where
elzinga worked on rph personal wamu acct and said that rph lived outta the cshd acct he had no other job
showed where cks to ben stanley equaled up to $251,000.000from sept 05 -sept 06 and also his rent paid $13,964.00
cshd checks and debt card charges expenditures came up to $ 1,553,003.00
there was a total of $1,990,475.00 flow of corp deposits
alana had one guy there mark scott link from peachtree city ,GA to support her on his losses of $40,000
she said his brother christopher tood harris had 250,000 shares his mom faye had 350,000 shares and his wife or who ever had 1,000,000 shares thats what started all this red flag when they all wanted to sell within 2 days a lot of shares thats when merrill lynch stepped in and halted the stock from trading merill lynch
they had carol tucker and mr orr from merill lynch in rome ,ga testifying about the Harris family trying to sell the stock
merril only halted them through their brokerage...from selling
so basically the judge just ruled that rph cant be ceo for 7 yrs and $1,ooo,ooo @ harris and $5oo,ooo@cshd and thats about it in a nut shell
