Talk Of Screwing Investors Was Just A Joke, Broker Tells Jury (United States District Court, E.D New York United States v. Discala et al No. 14-cr-399 (ENV)), Opinion by ARNOLD F. SOCK, Attorney at Law
Alleged investment scammer Abraxas “AJ” Discala tried to tell a Brooklyn federal jury on Tuesday that he was an honest businessman, but prosecutors confronted him with texts in which he chatted about moving stock prices and recordings in which he joked about screwing investors (United States District Court, E.D New York United States v. Discala et al No. 14-cr-399 (ENV)).
Discala, the former CEO of OmniView Capital Advisors LLC, took the stand near the end of a trial that has run for nearly a month to explain how he helped small businesses get capital, go public and draw in investors. The need for capital for small businesses in critical and which mean life or death for them. However, the way to do this great service is as in an honest, compliant process. Leading people down a path to enrich one's self is not the way to go.
Opinion by ARNOLD F. SOCK, Attorney at Law