Lawyer Likely to Turn Witness in Ex-Client’s Stock Fraud Trial
Posted Oct 10, 2007 11:52 am CDT
The ex-lawyer for a former dot-com billionaire is expected to testify against him in his stock-fraud trial.
Lawyer Preston Burton is expected to testify about allegations that Charles “Junior” Johnson pushed him to introduce fake e-mails as evidence, the Washington Post reports. Prosecutors have added a charge of obstruction of justice to cover the allegations against Johnson, who was a majority owner of the now-defunct company PurchasePro.
An earlier prosecution of Johnson for making misleading statements about company revenue ended in a mistrial last year. His lawyers contend the fact that he held on to his own stock even as his company took a nosedive shows he was not guilty of fraud.
The retrial is getting under way in federal court in Alexandria, Va.