| Senator Burr
Relative Fauth To Be Questioned By SEC
Before Thanksgiving, Civilly
By Matthew
Russell Lee, Patreon Podcast
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Nov 10 – Gerald Fauth
sold stock just after a call
from his brother in law
Senator Richard Burr, in
advance of COVID-trigger price
declines. Now the Security and
Exchange Commission wants to
question Fauth, in
person.
Fauth says
he is too sick. The SEC said
it will only take three
hours.
On October 29 U.S. District
Court for the Southern
District of New York Judge
Andrew L. Carter held a
proceeding. Inner City Press
covered it. Podcast here.
On
November 10, Judge Carter
convened another proceeding,
and Inner City Press again
covered it. Judge Carter ruled
that Fauth must be deposed on
a day before Thanksgiving, and
that the SEC must give him the
topics a week in advance.
Judge Carter declined to order
the SEC to not be adversarial,
but said both sides should be
civil.
From October 29:
Fauth's lawyers
mentioned cardiologists and
oncologist, with the medical
records sealed.
But Judge Carter
after inquiry suggested that
Fauth be questioned for thirty
minutes on Monday, Wednesday
and Friday.
Fauth's lawyers said they'd
have to ask his doctors and
that might take a few day.
Judge Carter ordered a
response by Wednesday,
November 3.
Fauth
filed - but entirely under
seal. The SEC responded that
it would be willing to limit
the interview to one day, only
two and half hours, non
adversarial. The SEC
emphasized that "the staff has
made no determination whether
it should recommend any
charges at all be brought in
this matter." Judge Carter
sent the conference on
November 10 (see above).
Inner City Press
will continue to cover the
case. It is SEC v. Fauth,
21-mc-787 (Carter)
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2021 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
