Your Honor & Opposing Counsel,
The case that lies before us all, was brought into this court for originally one simple flaw in a contract. A simple flaw that could have cost my clients hundreds of thousands of dollars of debt, due to the large difference in payment methods. However, I will not waste the court’s time in repeating already argued positions, as mentioned before, both parties have stated their positions, they only await a proper ruling.
I will instead move on to a much more interesting topic, one that developed quickly throughout the entirety of this case. Through evidence provided by the DEC, and confirmed by wuttie, the Defendant manipulated the market with most likely an intent to better their profits gained through the Onyx Backed Credit Obligation contracts. The Defense will try to paint this illusion of a failing market in which they were responding to, as would any other business owner invested in the market; however, the evidence and the timeline just doesn’t add up. They tried to prove this by asking Wuttie numerous questions about the exchange’s state and how secure clients felt during such a timeframe. What exactly did the Defense prove when questioning Wuttie? They proved that there was a slight calculation error, one that was fixed only hours following might I add, but that is about it. Let me ask this, even if there was some large reason for the Defendant to delist his companies from the Exchange, why relist them the next day? An interesting question that has continued to go unanswered. As Wuttie stated, companies would delist for months; yet, the defendant delisted for not even a full day. More importantly, the date he relisted was directly after cashing in on my client’s contract. If you're all wondering what happened, allow me to make it clear. January 14th my client is approached by the defendant about the Onyx Backed Credit Obligation and signs the day of, the next day the defendant cashes in on the contract whilst delisting their 3 companies from the exchange. With the valuations for the 3 companies not being included with the full Exchange value, it easily drops below the margin, so profit would flow right in. All so they could relist the companies the next day, and act as if nothing happened. A well thought out scheme, no doubt about that, but hopefully it won't be one that gets to see its final stages.
Finally, I want to address another one of the larger points made by the Defendant’s counsel, the alleged bias my client has towards the Defendant. My only question is, where is the relevance? How is such an alleged bias, anyway related to the Onyx Backed Credit Obligation and the mountains of questionable factors surrounding it. Why would my clients sign the contract in the first place if they had such a strong bias or dislike towards the defendant? How would this alleged bias in any way affect the contents of the contract or this case? The Defense may say it was bankrupt the Defendant, but even then the story doesn’t quite line up. In what possible way could my clients bankrupt the Defendant, that is of course related to the Onyx Backed Credit Obligation? The answer is simple, they couldn’t. Let’s make this one point clear, the Defendant had nothing to lose. If the Defendant got their money, they would walk away with a fresh wallet. If the Defendant didn’t, they would move on to another business deal with another business professional with another stockpile of money. The Defendant was in a position of power, if anything, the alleged bias of my client towards the Defendant only gives more reason for why the Defendant would do the heinous acts mentioned above. The Defendant knew he had “enemies”, so to take them out, why not scam them out of hundreds of thousands of dollars. As the self-justified expert claimed, this is not a prosecution against my client for “attempts to monopolize.” This is purely an attempt by the Defense to pull the littlest threads of argument they have to try and combat the truth.
That truth being, the Defendant manipulated the market. They did it to use my client and make a quick buck off them. They wrote the contract in such verbiage to maximize profit even further. They did it to take out the enemy.
So as you consider your ruling your honor, we ask you to think who really made the power plays here, and see that the answer is quite clear.
Thank you,
We Rest Our Case.