For everyone who's been in this long enough to hav
Post# of 29172
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Posted On: 04/12/2021 7:41:39 PM
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For everyone who's been in this long enough to have suffered at the hands of these criminals, I am sharing a bit of the most recent court update from the Magna case, which continues to trend strongly in favor of an outcome in which we will hve $15M in debt relieved.
"The SEC filed this case more than two years ago, which, as the Court will see when we file a motion for summary judgment, was based upon the flimsiest of records, and on the word of a convicted fraudster. The case has so harmed Mr. Manuel’s professional life and reputation that he is now forced to disrupt his young children’s’ lives and uproot his family to another state. The Magna defendants have also incurred significant financial and reputational harm in connection with this litigation and the multi-year investigation that preceded it. The expense of the foregoing caused Mr. Sason to sell his residence. Further, the corporate Magna defendants were shuttered and their employees laid off. And now, with the end of discovery and a potential resolution of this case in sight, we are being deprived of access to a key witness (who is presumably not even on Corrlinks since he is outside of the Bureau of Prisons’ custody) and left with no idea when we will be able to depose him."
"The SEC filed this case more than two years ago, which, as the Court will see when we file a motion for summary judgment, was based upon the flimsiest of records, and on the word of a convicted fraudster. The case has so harmed Mr. Manuel’s professional life and reputation that he is now forced to disrupt his young children’s’ lives and uproot his family to another state. The Magna defendants have also incurred significant financial and reputational harm in connection with this litigation and the multi-year investigation that preceded it. The expense of the foregoing caused Mr. Sason to sell his residence. Further, the corporate Magna defendants were shuttered and their employees laid off. And now, with the end of discovery and a potential resolution of this case in sight, we are being deprived of access to a key witness (who is presumably not even on Corrlinks since he is outside of the Bureau of Prisons’ custody) and left with no idea when we will be able to depose him."
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