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Forensic Evidence

Admissions from Trustee's Expert. Under cross-examination by lead Danning litigator Richard Burstein, the trustee's forensic expert made admissions damaging to the trustee's case. Burstein got Newton to admit that give certain assumptions on just Earthlink and brokerage stocks alone Slatkin was solvent at certain times. (this contradicts the trustee's lawyers-pleading). Burstein got Grant Newton to admit that funds from the sale of Earthlink went to pay investors, and not new money from later investors. Newton presented multiple charts of money going from one investor to another, and curiously not a single one of the millions going from the stock market profits to investors. He got Newton to admit Slatkin had "hundreds of investments". He got Newton to admit he valued foreign assets including real property in Germany. Riblet ruled at the plan confirmation it was a Ponzi scheme largely on the basis of Newton's testimony.

 

 

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