Abstract of transcript from court hearing (source document available at https://newsfraudalert.wordpress.com/wp-content/uploads/2014/04/emmanuel-mamalakis-transcript-hearing.pdf
Case 4:09-cv-04039 Document 471 Filed in TXSD on 12/16/13 Page 133 of 183 133 Vitaliy Godlevsky – Direct by Mr. Josef
7 THE COURT: Okay. Both places you asked uncomfortable
8 questions?
9 THE WITNESS: In the case of SXP, I was — I was
10 asking to open company — company books, because I noticed that
11 the leakage of the funds from the trading account was much —
12 was comparable to what we were making, and what we were making
13 was a very substantial amount of money. And Mr. Mamalakis was
14 explaining that he is withdrawing the funds to pay legal bills
15 for the company. And it didn’t match. It was too much. So I
16 started to ask questions. I also started to ask questions
17 about moving the funds from SXP to offshores and then —
18 THE COURT: Okay. So you thought Mr. Mamalakis was
19 somehow secreting funds?
20 THE WITNESS: Embezzling the funds.
21 THE COURT: Embezzling funds.
22 THE WITNESS: Yes.
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