*Dulos contended the business relationship between he and Hilliard Farber was a "two-way street." Farber would advance him money for projects, which Dulos paid back on completion, he said. The Fore Group would also provide Hilliard Farber with funds which he would invest, Dulos said.
*Prior to 2010 the advances came with a promissory note, Dulos said. But after that time his father-in-law trusted his business sense and did not require a note, Dulos said.
*Farber’s attorney, Richard Weinstein, filed court documents Monday indicating he is seeking to attach the assets of Fotis Dulos in the amount of $230,000.Weinstein said the amount is the unpaid balance of a $500,000 loan that was made by the family to build a 14,000-square-foot mansion in Farmington.
*Weinstein said the amount is the unpaid balance of a $500,000 loan that was made by the family to build a 14,000-square-foot mansion in Farmington.
*Weinstein will also call representatives from three area companies involved in home building and possibly introduce witnesses through Skype or through their testimony during depositions. The trial is expected to last two to three days.
*At the Tuesday hearing, Fotis Dulos’ accountant said amount of loans listed on Fore Group federal tax returns. Loans from Farber were between $2.9 million and $1.7 million from 2007 to 2017.
However, Weinstein says Hilliard Farber loaned Fotis Dulos vast sums of money to develop high-end residential properties with the Fore Group.
*Weinstein claims Fotis Dulos failed to maintain a separate financial identity for the Fore Group that allowed him to shuffle funds from the company to his personal accounts to pay for vacations with Troconis. Weinstein has relentlessly sought financial information on Fotis Dulos, including documents related to how he is paying his defense team in the criminal proceedings.
Fotis Dulos takes the stand in $2.5 million lawsuits trial
