On Thu, August 2, 2007 4:57 pm, Terry Emmott wrote:
> (a process that I concede is
>
>> legal, albeit I think that it was done fraudulently in this instance
>
> Sorry, but surely it can't be legal and fraudulent at the same time?
> Fraud
> by its very nature is illegal isn't it.

What I meant was that the general principle of a sale after the challenge
once the administrator decides that the initial CVA is not viable is
legal; but the way it was done in LUFC's case was fraudulent because of
the connection to Astor.  Which part of "in this instance" didn't you
understand?

- Sean


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