| Senator Burr
Relative Gerald Fauth To Be Questioned By
SEC on Nov 30 for 2.5 Hours
By Matthew
Russell Lee, Patreon Podcast
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Nov 16 – 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.
On November 16,
the parties informed Judge
Carter that the deposition of
Fauth will occur on November
30 at 10 am EST, and take up
to two and one half hours with
doctors consulted and as many
breaks as needed.
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)
***
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