DCCC 526/2010 HKSAR Vs CHEUNG KWAI KWAI Judge: Tallentire

Defendant – Cheung Kwai Kwai, aged 48, 2 sons, education in HK, guardate 1982,
Form 5, Kin Cheng Bank-> BOC since until now, ->teller (6 yrs) supervisor, frontline, mid 2002, sales, 2004, senior personal officer, till Dec ’06, personal finance manager.

Witness 1: Mdm Siu, aged 62, primary 3, no occupation, need glasses to read,
Witness 2 : Madam Lee Wai Mun, Background, aged 59, educated in US, occupation nil, before is selling vegetable on market. Retired at end of 2004.
Defense witness : Mr. Wong Lak Hung, a staff of BOC, doing procedure process while defendant introduced insurance. Defendant was at title officer at her printed name card. She do subscription with the original copy.
Witness 3 :LAM wai kwan aged 50, mobile mechanics,
Witness 4, Kwok Siu Fong>
Aged 80, primary 2, retired over 10 years, last occupation before tired is sewing workers.
Witness 5> Mr Wong, aged 62 part-time security guard.
Nov., part-time security guards, secondary school, form 3.


Defendant Expert Witness:- Doctor Tony Philimon. (France)

Dirty tactic of Defense lawyers:

1. Try to mislead witness about checks of risk level in the sale forms as most of the check list were done by banker as witness was telling the truth by saying in police station that these checks were done by the banker, while in court she said that she remember the form had no ticks on risk form. That common tactic of BOCHK officials to put the check of high risk after their customers signed these forms as I found out in meeting with Lehman victims a month ago. While in court Defense is forcing and confusing the old witness to say she herself is telling the lies. That the worst dirty trick I have seen in court.

I myself guess the BOCHK officials usually put these tick of high risk box during photocopy operation hiding from the victims.
Defense is trying to use the timeline of signing time and the discovering bankers frauds time and the wording to confuse old witness.

2. The banker was telling the victim the lies that Minibonds consisted of seven companies bonds, while the truth is Minibonds did not consist of these seven companies bonds, but linked to these seven companies. Everybody in court seems to mix up these informations. Defense is using the dirty trick of no witness would remember what these seven companies names or mixed up with these seven companies names to force the witness to say she is telling the lies. What a dirty sob this lawyer is doing to confuse witness.

The main point here is that banker that told the victim that these minibonds were safe and secure already meant low risk, and these minibonds consist of seven companies bonds were already crimes under misselling frauds. What the banker was hiding the true nature of these high risk minibonds, not giving propectus to customer and hiding the risk level form that must be explained to customer and checking of these form on the first time when the customer first bought these minibonds are the most important of the misselling frauds of the banker and Defense tries to ignore these issue that dealt with the true crimes.

http://minibondsoctaveconstellation.blogspot.com/2009/08/blog-post.html
http://minibondsoctaveconstellation.blogspot.com/2010/12/prospectus-of-minibonds.html

http://minibondsoctaveconstellation.blogspot.com/2009/07/blog-post_25.html

3. In the court, it also proves that all public banks that sold Minibonds, including BOCHK is using their database of clients datas to search for witness former occupations, business transation, calls their customer friends similar to criminal investigation of HK police to the witness, and interchange customers datas with other banks to perform dirty underhand tactics to the witness as we know for time since Oct 2008.



4. The defense lawyers forced the witness that she always said Lehman Minibonds were linked to seven entities without knowing what credit link means. But in legco inquiry with banks selling staffs, none of the bank staffs knew about details of Minibonds, the CDOs and CDSs details. In fact all these products were traded by all major banks in HK by banks head offices' staffs and banks' staffs should know about these products after they have been trained by banks. Since Defense lawyers also involved with setting up new selling procedures of these derivative products inside the banks, they should know who are lying.
http://minibondsoctaveconstellation.blogspot.com/2010/10/dispute-resolution-international-hong.html
http://minibondsoctaveconstellation.blogspot.com/2010/10/blog-post_25.html
http://minibondsoctaveconstellation.blogspot.com/2010/10/blog-post_12.html

5. Expert defense witness use charts and statistic to prove to judges that these CDO's were AAA rated without even showing any news to court to prove in fact his datas are far far away from true world. In fact all the accounting companies, rating agencies, major US investment banks are all charged by SEC, FBI and major governments all the world for frauds.

http://minibondsoctaveconstellation.blogspot.com/2010/12/role-of-auditors-in-crisis-gets-look.html
http://minibondsoctaveconstellation.blogspot.com/2011/01/ernst-young-faces-us-investigation.html
http://minibondsoctaveconstellation.blogspot.com/2010/10/bad-credit-how-s-moodys-and-fitch.html