Colson update: Has A&O Life been watching too much Wall Street?
In this memorable quote from the movie Wall Street the character played by Michael Douglas tells Bud to call a number and tell the man that Blue Horseshoe Loves Anacott Steel. A&O Life's filing in federal court listing its member partners reminded me of this quote. The only new name identified in the affidavit was Blue Dymond Capital Group, LLC, a citizen of the West Indies. The person signing the affidavit was A&O front man Russell Mackert.
Mr. Mackert claims to have personal knowledge of the facts in the affidavit, but does not explain who he is, how he obtained that knowledge or his relationship with A&O. The affidavit does not mention Adley Wahab, who is presumably the man behind the curtain. Mackert and A&O seem shady--real shady. Their presence in this litigation is bad for Steve Colson, because he was doing business with these shady characters.
http://www.sec.gov/litigation/litreleases/2008/lr20515.htm
Can't imagine the Judge will be thrilled with such a coy response. . .
Mackert is partners with Wahab and is just as crooked and guilty as Wahab. Mackert is married to Wahab's sister-in-law. Mackert is also a defendant, along with Wahab, in other Texas cases in which they both are accused of defraud and deception.