The case for murder

[time]

JS went public with his company in 2005 so by 2006 he should have had a handle on things. There is NO WAY this should have gotten past him. Delcaring products that are absolutely being returned by the customer as SOLD and doing it year after year? It is Medicis paying the majority of the fine and the insurance part of it.

And we will see if the Insurance Company actually does pay out. Insurance companies have all sorts of ways of getting around things.

It's the accounting firm paying out, not insurance. I'm not sure Medicis insurance company would pay them anything.

 

[Mrs. Holmes]

bbm. Link, please. Thanks!!

JMO

[ame="http://www.msnbc.msn.com/id/21134540/vp/43646358#44729224"]msnbc.com Video Player[/ame]

If you watch this interview from today.. it is clear they are "waiting" for the LE file especially the brother in law who is a cop and Anne makes it clear that they will not go to a judge until they have all the information ready to go to a Judge as in the MJ case.

 

[elfie]

So this shows JS optioned nearly $7.5 million in shares a week before the deaths.

I don't know how their option plan was structured, but from my experience you either take the option or lose it. Above the price and it is exercised, below the price you lose it also.

 

[stilettos]

Civil actions have no bearing on whether criminal actions are pursued by the Department of Justice. Criminal actions against publicly traded companies can not be brought by shareholders. As an example, the criminal prosecutions against WorldCom executives for accounting fraud was brought by the U.S. Attorney for the Southern District of New York. The SEC also fined WorldCom $750 million, which was then dispersed to shareholders.

JMO

Criminal behavior should have criminal consequences and that includes shady accounting practices well known to the company. IMO Lady Justice is blind but come on, is she deaf and dumb too???:banghead:

 

[SunnieRN]

Thanks but anybody can claim to be anybody else in comment sections. Godwin isn't a physician and he doesn't speak for Dr. Peterson.

JMO

I agree with your opinion, but, in a MSM article, with a comments section, it would be very easy to refute what is stated under your name, if you truly didn't say those things. If that happened, I think there would be an investigation of those comments, as IP addresses are easy to trace.

And the guy said he had no enemies. Every single person that invested in his company between 2003 & 2008 SUED HIM! Over all they lost 125 MILLION in assets those shareholders.....

That sounds like pretty good incentive for motive to me. I respectfully feel LE does not have to look that far out for suspects in Rebecca's murder however.

I think they just need to interview and do lie detector tests on the four people who seem to be major players. Don't forget Dina's statement to media, "I was by my son's bedside, when the incident took place'. She hasn't made any other formal statements on her own.

Here is the link to the Today Show Interview With Anne the sister Mary and brother in law. September 30th

msnbc.com Video Player

Thank you for this! I already see the media spin and how the future may go. Doesn't it sound as if the family IS reading forums and posts at various sites! Smart, very smart indeed!!

I did look at insider trading for the company. Not sure it indicates anything and I'm not very savvy on this. However, I did note recent activity:

http://www.insider-monitor.com/trading/cik859368.html

2011-09-22 Option Exercise 21,000 24.99 524,790
2011-08-15 Sale 14,000 37.26 521,696
2011-07-06 <modsnip> Option Exercise 276,290 26.95 7,446,015

Perhaps other dates are of more interest though - like when the books were being cooked?

I find this very interesting Time. Possible 'insider information' causing a certain stockholder to liquidate some holdings. Timing is often everything.

Civil actions have no bearing on whether criminal actions are pursued by the Department of Justice. Criminal actions against publicly traded companies can not be brought by shareholders. As an example, the criminal prosecutions against WorldCom executives for accounting fraud was brought by the U.S. Attorney for the Southern District of New York. The SEC also fined WorldCom $750 million, which was then dispersed to shareholders.

JMO

Just because something has not yet occurred, does not mean that it will not. By paying out 18 million, there was wrongdoing admitted. Interesting to see how this plays out and if the accounting firm is still representing Medicis. Would you still represent a company that 'cooked the books' and caused you to perform million dollar figures payout?!

Thank you for all the links, as it is very interesting to see how this evolved. It shows that in America, nothing stays hidden in business long term, if enough people lose money over it!! Strong accusations that had to have been proven, for this payout to occur. Gives a look into the psychology of a business and how far they are willing to go to maintain the bottom line.

I also agree with Time, that the real facts may be hidden in earlier books and transactions, which could aide in understanding family dynamics.

 

[SunnieRN]

Criminal behavior should have criminal consequences and that includes shady accounting practices well known to the company. IMO Lady Justice is blind but come on, is she deaf and dumb too???:banghead:

Stillettos, I may be crazy, but I happen to agree with you and I know you are NOT crazy!!

Funny, how despite a company making a HUGE payout, therefore admitting their guilt in the issue, can translate into statements that no criminal action was performed.:waitasec:

<modsnip>:innocent:

 

[Mrs. Holmes]

It's the accounting firm paying out, not insurance. I'm not sure Medicis insurance company would pay them anything.

That accounting company works for JS just like his employees do. He signs off on everything they do. He is ultimately responsible and this happened year after year on his watch.

 

[SunnieRN]

I don't know how their option plan was structured, but from my experience you either take the option or lose it. Above the price and it is exercised, below the price you lose it also.

Would this apply even if it had been proven that the 'above the price' may not be totally accurate or true to the profits?

 

[stilettos]

Stillettos, I may be crazy, but I happen to agree with you and I know you are NOT crazy!!

Funny, how despite a company making a HUGE payout, therefore admitting their guilt in the issue, can translate into statements that no criminal action was performed.:waitasec:

It makes me wonder about hidden agendas and all that jazz.:innocent:

In my book it is criminal and it remains to be seen if any charges will ever come of it. They put Martha Stewart in jail for less. MOO

 

[SunnieRN]

I don't know how their option plan was structured, but from my experience you either take the option or lose it. Above the price and it is exercised, below the price you lose it also.

In my book it is criminal and it remains to be seen if any charges will ever come of it. They put Martha Stewart in jail for less. MOO

Agreed!!:loser: I have a feeling Jonah's looking over his shoulder.

 

[Mrs. Holmes]

You know I do have a heart and JS's life is just so tragic at this point. He is innocent until proven guilty and for all the money in the world I would not want to trade places with him. I sure hope he has support and a way through this. Some kind of spiritual guidance.

It is good he has settled with his shareholders but losing his son and girlfriend in one week. I would not be standing I tell you that... well with some really good meds maybe.

 

[MyBelle]

JS went public with his company in 2005 so by 2006 he should have had a handle on things. There is NO WAY this should have gotten past him. Delcaring products that are absolutely being returned by the customer as SOLD and doing it year after year? It is Medicis paying the majority of the fine and the insurance part of it.

And we will see if the Insurance Company actually does pay out. Insurance companies have all sorts of ways of getting around things.

What ways does a company get around paying a legal settlement they've agreed to pay? I can understand shareholders being upset at the pittance being paid, no matter who pays it but that's always a risk in purchasing stocks.

There was no criminal misconduct and Medicis' insurance company is paying part of the fine along with the Accounting Firm, E&Y.

so far, no evidence it has anything to do with either death.

JMO

 

[MyBelle]

msnbc.com Video Player

If you watch this interview from today.. it is clear they are "waiting" for the LE file especially the brother in law who is a cop and Anne makes it clear that they will not go to a judge until they have all the information ready to go to a Judge as in the MJ case.

yeah, I saw that. I think they'll be waiting a long time if they think the file will arrive before they ask a Judge for it.

The official request for a new investigation must be made to the California Attorney General.


JMO

 

[stilettos]

What ways does a company get around paying a legal settlement they've agreed to pay? I can understand shareholders being upset at the pittance being paid, no matter who pays it but that's always a risk in purchasing stocks.

There was no criminal misconduct and Medicis' insurance company is paying part of the fine along with the Accounting Firm, E&Y.

so far, no evidence it has anything to do with either death.

JMO

If I were the insurance company, I would refuse to pay for possibly illegal (and definately unethical IMO) accounting practices.

 

[Mrs. Holmes]

Employees lost their jobs... the ones that had to rat him out for cooking the books.... ??? and then he pays himself 7 million... that would give you enemies...

enemies that might decide to hurt your son or girlfriend out of revenge

 

[Peaceful]

Do you think Anne or a member of her team has had a chance to look at the investor list for Medicis... anyone on their interesting or involved in this case? That would be another good reason to open the case if one of the officers was a shareholder. Coronado being what it is...a playground for the wealthy... a small enclave... the LE there.. in my opinion could have a cozy relationship. They would certainly be very protective of their "bosses" and being so small they know each other well. This case was so odd it needed to be investigated thorougly as a possible murder and it obviously was not.

I do not know the answer to this question but I will mention again that the PR company JS hired, Sitrick, is also the same PR Co. that SDSO uses.

 

[Mrs. Holmes]

yeah, I saw that. I think they'll be waiting a long time if they think the file will arrive before they ask a Judge for it.

The official request for a new investigation must be made to the California Attorney General.


JMO

True... I mean LE is now using software on her phone so the case isn't really closed.

 

[MyBelle]

Employees lost their jobs... the ones that had to rat him out for cooking the books.... ??? and then he pays himself 7 million... that would give you enemies...

enemies that might decide to hurt your son or girlfriend out of revenge

It certainly could make the girlfriend an enemy if she didn't get a piece of that $7 million. I doubt a disgruntled employee would stop by a house twice in one week to commit two murders. Such a scenario might work in fiction.

JMO

 

[lauriej]

I do not know the answer to this question but I will mention again that the PR company JS hired, Sitrick, is also the same PR Co. that SDSO uses.

..just wondering--how do we know this ?

http://sitrick.com/practice/client-list

 

[SunnieRN]

True... I mean LE is now using software on her phone so the case isn't really closed.

Hmmm, good point Mrs. Holmes!! Just out of curiosity, but could the family argue the point of whether or not the case is actually closed, based on the fact that LE is still searching evidence?

And if so, how would this affect their arguments? Interesting.:waitasec: