Unbelievable! Talk about shifting or trying to shift the blame. Derek Elliot is ultimately responsible for the decisions made. It was all about greed! And I am sure it still is! He agreed to the 20% commissions up front. He always knew about them. Why is he now whining? And he claims Catledge made millions in commissions - well do the math - how many millions then did Elliott and company receive? How much of that was used as intended and how much was wasted?
I think you can look and see that mismanagement and greed caused most of their problems.
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