ARNOLD F. SOCK, Attorney at Law, Opines on: Former State Street Corporation Executive Will Not Testify With His Fraud Trial Nearing its End
A former executive at State Street Corp. decided last week against taking the stand in his Boston fraud trial, resting his defense against charges that he directed colleagues to slip hidden fees into multibillion-dollar trades for overseas clients and setting up a final courtroom showdown next week (U.S. District Court for Massachusetts United States of America v. McLellan et al 1:16-cr-10094).
Counsel to State Street’s former global head of asset transitions Ross McLellan brought an end to the third week of trial after presenting emails purportedly showing he made efforts in 2010 and 2011 to check with State Street’s in-house counsel
ARNOLD F. SOCK, Attorney at Law, believes that testifying at one's trial is a good thing to do, but one has to be careful in taking that action because if not handled right by the defense, and depending on how the plaintiff/prosecutor can perform to reflect the witness in a bad light.