The Crown v Gerard Baden-Clay, 24th June - Trial Day 9, Week 3

[Amee]

11:07am: "With Gerard, we've been very close over the years. In recent years, probably not as close," Mr Christ said.

Read more: http://www.brisbanetimes.com.au/que...ay-9-week-3-20140624-3apn6.html#ixzz35VyCHZuK

 

[Timmy]

Kate Kyriacou @KateKyriacou · 12s

Mr Cheesman says he blew Nigel off, told him it wasn't necessary and they should focus on finding Allison. #badenclay

Mr Cheesman has been excused. #badenclay

Shame that wasn't Gerard's first thought!

 

[Trooper]

Kate Kyriacou @KateKyriacou · 4s

Mr Christ says he went to see Gerard and was told their cash flow was in trouble following the floods. #badenclay

Mr Christ says Gerard also told him he'd hired a lot of new staff and was paying more rent for their larger office. #badenclay

Another Gerard lie.. according to the partners statements, 4 days BEFORE the flood, the meeting they had, and it was a shocker, was about the inexplicable losses the business had eventuated...

4 days before the flood..

 

[drsleuth]

Kate Kyriacou @KateKyriacou · 4s

Mr Christ says he gave Gerard $90,000 over three payments in March and April, 2011. #badenclay

 

[Amee]

Katrina Blowers ‏@katrinablowers 43s

Stuart Christ says he also loaned Gerard #badenclay $90k as his business was in serious trouble. @7NewsBrisbane

 

[Amee]

David Murray ‏@TheMurrayD 2m

Mr Christ: Expenditure was a major problem, we pushed to reduce it #badenclay

Francene Norton ‏@francenenorton 2m

Mr Christ says #badenclay business had expanded rapidly and then the floods hit. @abcnews

 

[Trooper]

Gerard had some good friends.. he lied to them, too.. 10% interest wasn't too outrageous , all things considered... not tiny, but not extortionately large..

 

[drsleuth]

Emmy Kubainski ‏@emmykubainski 1m

Stuart Christ: friends injected funds into Gerard Baden-Clay's business. "I gave $90k personally" @7NewsBrisbane #badenclay

Francene Norton ‏@francenenorton 1m

Mr Christ says #badenclay business had expanded rapidly and then the floods hit. @abcnews

David Murray ‏@TheMurrayD 3m

Mr Christ: Without a cash injection the business would have been in trouble, no money to pay the bills #badenclay

 

[ollijack]

Gerard owned a rental property and shares in Flight Centre?

 

[toe]

odd how Mr Cheeseman didn't pick up on Gerards mental issues..

Yes, he made him aware of Allison's depression but failed to tell his bestie about his affair.

 

[Amee]

David Murray ‏@TheMurrayD 1m

Mr Christ: the idea was it would get them out of short term trouble and we would get 10 per cent interest #badenclay

 

[drsleuth]

Kate Kyriacou @KateKyriacou · 15s

Mr Christ says the idea was they would be paid 10 per cent interest each month, until they received $90K back plus cap of $90K in interest.

 

[Amee]

David Murray ‏@TheMurrayD 1m

Judge clarifying terms of the loan. Mr Christ says the idea was Gerard would pay the money back as soon as he could #badenclay

 

[ollijack]

How on earth do people cope loosing that much money? They will never get it back!

 

[Amee]

11:11am: Mr Christ also loaned Mr Baden-Clay money.

"The business had been going quite well. They had just expanded massively and moved business premises from Kenmore to Taringa, hired a whole bunch of new sales staff and the floods hit, so the cash flow stopped," Mr Christ said.

He said he met with Mr Baden-Clay and friends Robert Cheesman and Peter Cranna one night to discuss the business.

"We saw full financial records ... before we were going to do anything we needed to see those records and understand what was going on," Mr Christ said.

"We all met together that particular evening."

He said the business would be unable to continue without an urgent cash injection.

"There was no cash in the bank to pay the bills," Mr Christ said.

"Over a period of three payments, we gave the business, Gerard and Allison, $90,000. Pete may have given more."

Read more: http://www.brisbanetimes.com.au/que...ay-9-week-3-20140624-3apn6.html#ixzz35VzNAS79

 

[drsleuth]

Kate Kyriacou @KateKyriacou · 11s

Mr Christ says he received three interest payments from Gerard. #badenclay

Mr Christ says he has not received an interest payment since around July, 2011, and did not get his $90,000 back. #badenclay

 

[spratsmum]

So BCs, OBW and GBC's bestie (who spoke to several times a week) know nothing about long affair....? And yet believe his money probs are small...All fooled ? Huh ?

but the office staff did?

~GBC was certainly living two different lives ...

 

[drsleuth]

Kate Kyriacou @KateKyriacou ·
Mr Christ says the sales arm of the business had a negative cash flow when Gerard asked for a loan. "It was worth nothing." #badenclay

 

[Amee]

David Murray ‏@TheMurrayD 45s

Mr Christ says Gerard's business was losing money,would have been very difficult to sell, was basically worth nothing #badenclay

 

[Trooper]

pretty much plain as day that Gerard didn't disclose the full burden of personal debt he was carrying at that time.. . ... still.. these three blokes must have thought they were getting the whole story , I presume.. bad luck about not getting their money back, but its like putting it on a horse.. some get past the post, some don't. .