Friday, April 22, 2011

Fund established for kumquat shipping routes, Swensington pleads guilty to obstruction of justice

One major issue that was hotly debated at this year's IKF convention in Antwerp, Belgium was the problem of Djiboutian kumquat pirates. We spoke with E. Fergo Gordon, an expert on the subject.

Kumquats Inc: Do you think much progress has been made on this very serious issue?

Gordon: IKF agent Aroldis Reynie Shapiro has established a special fund for the protection of ships mostly in the Gulf of Aden. The fund is contributed to by shipping companies and kumquat producers.

Kumquats Inc. Do you think further efforts should be taken?

Gordon: I think that they are doing a good job, but the large corporations are slow to contribute and Shapiro is having trouble mobilizing any significant action.

Kumquats Inc: How long do you think it will take for any success to happen?

Gordon: I think a thorough operation could take several years.

In the most recent installment in the ongoing story of the prosecution of Philipe Swensington, (see last post here) Swensington has pleaded guilty to obstruction of justice in a hearing at the U. S. district court in Miami, Florida. The charges were based on a claim that Swensington had destroyed evidence. The evidence destroyed included tapes containing conversations with him and a private advertising firm while he was chairman of the board at Surpass Fika Kumquats.
Earlier, the prosecution attempted to charge him with false advertising, but a judge dismissed that charge, saying that the "false" slogan was only misleading, not false. However this was the hearing for only one of his many charges including fraud and insider trading. He will be prosecuted for these charges later at the U. S. District court in Tucson, Arizona.

Next Post: We will have a conversation with Obie's Kumquats Chief Legal Analyst, Emmet Smovwoth about the upcoming Swensington trials.

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