| In Trevor
Milton Trial Private Jet Purchase Shown
Then Harvard Prof at $1250 an Hour
By Matthew
Russell Lee, Patreon Maxwell
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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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