Morriss has explained to the SEC that the electronic transfers of investor funds went toward "paying bank loans, paying alimony, paying for my household. I have seven kids. You know, regular expenses."
An SEC transcript also reveals that Morriss' close friend and business associate Dixon Brown told SEC investigators on Jan. 5 that Morriss also used these loans to pay for his hunting trips to Africa and elsewhere.
Jon Corzine Lite
An SEC transcript also reveals that Morriss' close friend and business associate Dixon Brown told SEC investigators on Jan. 5 that Morriss also used these loans to pay for his hunting trips to Africa and elsewhere.
Jon Corzine Lite
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