Gene Fox of Cardinal Capital Management is now addressing the court. Hitherto one of the more affable minority shareholders, he is evidently unhappy to have been dismissed by the defendant as an "idiot" useful merely as a source of "cheap capital". He's calling for Black to be given the maximum sentence.

It's worth noting that the government declined to call any aggrieved shareholders during the trial, when they would have been subject to cross-examination. Now the statement will go uncontested. As with Prosecutor Sussman, he seems focused on charges of which the defendants were acquitted.