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Prosecutors said this led to $1.16 million of profit for Robert Stewart and his friend Richard Cunniffe, to whom he had forwarded some tips. In the recorded conversation, Robert Stewart recounted to Cunniffe how his son had complained about his failure to take advantage of some inside information by saying: “I handed you this on a silver platter and you didn’t invest in this.”. Sean Stewart sought to introduce statements his father later made to the FBI suggesting he did not intend to commit insider trading, or had been drinking when he made the “silver platter” comment swank train cufflinks uk sale.
The trial judge, Laura Taylor Swain, rejected this request, because Robert Stewart never specifically said his son had not made the “silver platter” statement. But in an unsigned decision, the appeals court said this was an error that was not harmless. It cited the importance to the government’s case of the statement, which prosecutors repeatedly called “devastating,” and the jury’s five-day struggle to reach a verdict swank train cufflinks uk sale. “Robert’s FBI interview offered fundamentally distinct recollections of the silver platter exchange that cast a different light on Sean’s intentions” and could have “tempered the statement’s ‘devastating’ effect,” the majority said..
TOKYO (Reuters) – SoftBank Group Corp (9984.T) CEO Masayoshi Son on Monday condemned the killing of a journalist by Saudi security personnel, and said his firm must carry out its responsibility to the kingdom’s citizens whose money is invested in its Vision Fund. Saudi Arabia is the largest investor in the fund which was launched last year with over $90 billion in capital, giving Son firepower to make big bets in late-stage startups such as shared office space provider WeWork Cos and hotel chain OYO hotels swank train cufflinks uk sale.
Global outcry over the murder case, however, has led many observers to regard that dependence as a risk to SoftBank’s plans to raise further funds. “These funds are important to the Saudi people in ensuring their economy diversifies and is no longer dependent on oil,” Son said on Monday swank train cufflinks uk sale. “It is true that a horrible incident happened. On the other hand, we have a responsibility toward the Saudi people, and we must carry out our responsibility rather than turn our backs on them.”..
Son was presenting SoftBank’s earnings results, appearing before reporters for the first time since Jamal Khashoggi, a journalist critical of the Saudi state, was murdered early last month in the Saudi consulate in Istanbul swank train cufflinks uk sale. SoftBank booked July-September operating profit of 705.7 billion yen ($6.23 billion), helped by higher valuations on high-tech bets by the Saudi-backed Vision Fund. That compared with 395.6 billion yen a year earlier under different accounting standards. (Click for graphic showing the Vision Fund’s growing contribution to SoftBank profit tmsnrt.rs/2RAwtfI)..