Chapter 571 Trial (4)

"be opposed to!"

Just when Zhong Shi hesitated and couldn't speak, Alan Xiaon stepped forward at the right time and retorted loudly: "Your Excellency, the jury, there is absolutely no problem with the integrity of my client. As a As an outstanding person awarded the Grand Bauhinia Medal by the Hong Kong government and the holder of the title of Justice of the Peace, my client enjoys a high reputation in Hong Kong, and I can even ask the Hong Kong government to produce relevant official letters to prove it.”

The so-called justice of the peace refers to a title that originated in the United Kingdom and is appointed by the government to maintain the peace of the community, prevent illegal punishment, and handle some relatively simple legal procedures. Its work includes patrolling prisons, accepting complaints, and supervising citizens. Take oaths, make statements and even monitor lottery draws. After the reunification, Hong Kong's power to issue justices of the peace fell into the hands of the Hong Kong government. The Grand Bauhinia Medal, a justice of the peace, is the highest rank among them, and must be awarded to those who have made significant contributions to Hong Kong. Zhong Shi received this honor from Cen Yinquan in 2006 and became the youngest Justice of the Peace.

  Hearing Alan Sean's words, the jury was in a commotion again. They whispered to each other for a while, and accepted Alan Sean's statement. After all, those who can be recognized by the government generally have no problems with their integrity.

"Then there is another possibility?" Mead Wolfski's astonished expression flashed away, and after seeing that the attack on Zhong Shi's personal integrity was fruitless, he decisively turned to another direction, "That is to say , For a long time, there have been problems with your fund’s operating model, which may involve insider trading. But as the founder and manager of the fund, do you adopt an attitude of disregard or even acquiescence to this?”

  Because Tom Dorel once sent an email to Zhongshi's mailbox, the SEC determined that Zhongshi was the trader behind the scenes. But now, after the failure of the reconciliation, Mead Wolfski began to focus his firepower on attacking Zhongshi's reputation. He knew very well that the other party cherished feathers very much, so naturally he would not let go of such an opportunity.

  Because of the principle of "suspicion", as long as Zhongshi has suspicions in this regard, Mead Wolfski can make it difficult for the other party to get away, because the other party must prove his innocence, but this is not easy. And once the other party fell into a disadvantageous situation, when he turned around and asked him for peace, the conditions he wanted to offer would not be as cheap as today.

  Zhong Shi still kept his head down and remained silent. This abnormal behavior quickly attracted everyone's attention. The already quiet courtroom was even more silent at this time. Everyone was waiting for Zhong Shi to defend himself. They realized that if the explanation on this issue was not clear, the Zhongshi side might be in danger.

  In addition to Zhongshi, the most anxious person in the court is Alan Sean. But he couldn't help at this time, just when he was about to protect Zhong Shi with the Fifth Amendment to the Constitution, he saw Zhong Shi slowly raised his head and glanced at him complicatedly Then, slowly, said:

"Regarding this issue, I must declare that all this has nothing to do with me. After learning that the SEC had investigated our fund, we had also organized an internal investigation. Now that I am talking about this topic today, I am in court. Frankly stated all this on the Internet, the truth is that there is a problem with the internal risk control of Tianyu Fund.”

Zhong Shi's words aroused everyone's confusion. They didn't understand the relationship between this question and the question Zhong Shi was asked, but everyone knew that Zhong Shi still had something to say, so no one disturbed him. Quietly waiting for his next words.

"The fund operation of our fund is carried out in strict accordance with the previously formulated internal strategy, and the corresponding account management authority is also strictly regulated. But in the process of our self-examination, we found that some internal managers took advantage of the convenience of the account, I also added my own funds to the account he was in charge of. In fact, after I issued an order to the entire fund to stop shorting Stanley's stock, this part of the funds came from the personal behavior of some employees within Tianyu Fund. As for why they It will borrow the channel of our fund, that should be to avoid this part of the commission."

   This is a self-exposed family scandal, so Zhong Shi experienced a lot of inner struggle before telling the truth. Strictly speaking, these practices are illegal, but fortunately Tianyu Fund is not a fund open to market investors, so the requirements in this regard are not as strict as those of mutual funds.

  "After discovering these circumstances, we have reported to the Hong Kong regulatory authorities, and the police there have filed a case for this matter. If necessary, I can ask the other party to issue an official letter to confirm the authenticity of this matter."

After finishing speaking, Zhong Shi's expression was slightly obscure, he touched the tip of his nose in embarrassment, and added with a wry smile: "These are all the things! So far, we have no way to contact the person involved, and we don't know what he did. Is it for profit or at the instigation of others. However, I personally speculate that the latter is more likely. I firmly believe that someone is behind this accusation, and this is a strong evidence."

"So are you planning to push out a scapegoat to shirk all your responsibilities?" Regarding Zhong Shi's remarks, Mead Wolfski snorted coldly and mocked unceremoniously, "I have to Say, Mr. Zhong, your rhetoric is very marketable. But you have to be clear, everything you say now does not prove that you are innocent, at least not to convince me. Because referring to many previous cases of insider trading, shirking responsibility is common trick."

"The news I heard is that within Tianyu Fund, Mr. Zhong, you have a very high personal prestige. Basically, no one will refute what you said. So the problem now is that someone violated your order to go short, Isn't this incredible? In addition, I noticed that Tianyu Fund is a closed-end fund that is only open to internal employees. Logically speaking, if your strategy is correct, then your employees only need to transfer funds It’s fine to put it in the fund, why is he unwilling to put the money in a high-growth fund and choose to take risks?”

   "All of this can't be explained!" Mead Wolfski shook his head while talking, directly ignoring the conspiracy theory Zhong Shi said.

After he finished speaking, most of the members of the jury showed thoughtful expressions. They were already a little confused by the whole thing. In this case, their thoughts followed Mead Wolfski unconsciously. Say what you say and go.

"Our fund's participation is voluntary and not compulsory, so some employees did not participate in it!" Zhong Shi explained calmly and calmly, "In addition, I have been in charge of macro research and trading The supervisor of the trader is currently in Hong Kong, and the trader involved in the accident is in the United States, and the regulatory mistakes are beyond our expectations."

"It's a good story, but alas, if you can't get a recording to prove you said it, or the person you're talking about, then I'm sorry, there's not even a way to convince Me." Mid Wolfski remained unmoved, no matter what Zhong Shi explained, he remained indifferent.

This is indeed the case. Although what Zhong Shi said may be true, the problem is that none of what he said can be proved. If there is no strong evidence, these words are very likely to be considered nonsense, even though Alan Sean It was once said that Zhong Shi's integrity is not a problem.

  After the cross-examination, Mead Wolfski looked pale and provocatively glanced at the ashen-faced Alan Xiaon before sitting back in his seat with satisfaction.

Although he had already prepared for the focus of the other party's possible attack, Alan Xiaon did not expect that in the end, the other party would change their guns and no longer focus on the accusation of Zhong Shi's involvement in insider trading. He kept insisting on the fact that Zhong Shi might acquiesce or even condone his subordinates' insider trading, which made his previously prepared defense strategy in vain. Alan Xiaon let out a deep cry in his heart, took a deep breath, stepped forward, and began to question Zhong Shi.

  (end of this chapter)