Jenna Ellis reads a statement after pleading guilty to a felony count of aiding and abetting false statements and writings in an Atlanta, Georgia, courtroom. EPA
Jenna Ellis reads a statement after pleading guilty to a felony count of aiding and abetting false statements and writings in an Atlanta, Georgia, courtroom. EPA
Jenna Ellis reads a statement after pleading guilty to a felony count of aiding and abetting false statements and writings in an Atlanta, Georgia, courtroom. EPA
Jenna Ellis reads a statement after pleading guilty to a felony count of aiding and abetting false statements and writings in an Atlanta, Georgia, courtroom. EPA

Former Trump lawyer Jenna Ellis pleads guilty in Georgia case


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Another former lawyer for Donald Trump, Jenna Ellis, pleaded guilty on Tuesday to a charge related to the former US president's efforts to overturn his 2020 election defeat in the state of Georgia.

Ellis, her voice cracking at times, told an Atlanta court that she “failed to do my due diligence” in vetting claims about voter fraud from other Trump lawyers.

“What I did not do and should have done, your honour, was to make sure that the facts the other lawyers alleged to be true were in fact true,” Ellis, 38, told Fulton County Superior Court Judge Scott McAfee.

“I look back on this whole experience with deep remorse.”

She is the third member of Trump's legal team to reach a deal with Georgia prosecutors in the last week after guilty pleas from Sydney Powell and Kenneth Chesebro.

Ellis pleaded guilty to aiding and abetting false statements and writings. Prosecutors said she attended a meeting with Georgia lawmakers during which Mr Trump's personal lawyer and former New York mayor Rudy Giuliani made false claims about voting irregularities.

The agreement calls for her to be sentenced to five years of probation and $5,000 in restitution.

She will also be required to give evidence against Mr Trump and other co-defendants in the case if called upon.

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The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%206.4-litre%20V8%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E8-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E470bhp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E637Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh375%2C900%20(estimate)%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20now%3C%2Fp%3E%0A
COMPANY%20PROFILE
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How to play the stock market recovery in 2021?

If you are looking to build your long-term wealth in 2021 and beyond, the stock market is still the best place to do it as equities powered on despite the pandemic.

Investing in individual stocks is not for everyone and most private investors should stick to mutual funds and ETFs, but there are some thrilling opportunities for those who understand the risks.

Peter Garnry, head of equity strategy at Saxo Bank, says the 20 best-performing US and European stocks have delivered an average return year-to-date of 148 per cent, measured in local currency terms.

Online marketplace Etsy was the best performer with a return of 330.6 per cent, followed by communications software company Sinch (315.4 per cent), online supermarket HelloFresh (232.8 per cent) and fuel cells specialist NEL (191.7 per cent).

Mr Garnry says digital companies benefited from the lockdown, while green energy firms flew as efforts to combat climate change were ramped up, helped in part by the European Union’s green deal. 

Electric car company Tesla would be on the list if it had been part of the S&P 500 Index, but it only joined on December 21. “Tesla has become one of the most valuable companies in the world this year as demand for electric vehicles has grown dramatically,” Mr Garnry says.

By contrast, the 20 worst-performing European stocks fell 54 per cent on average, with European banks hit by the economic fallout from the pandemic, while cruise liners and airline stocks suffered due to travel restrictions.

As demand for energy fell, the oil and gas industry had a tough year, too.

Mr Garnry says the biggest story this year was the “absolute crunch” in so-called value stocks, companies that trade at low valuations compared to their earnings and growth potential.

He says they are “heavily tilted towards financials, miners, energy, utilities and industrials, which have all been hit hard by the Covid-19 pandemic”. “The last year saw these cheap stocks become cheaper and expensive stocks have become more expensive.” 

This has triggered excited talk about the “great value rotation” but Mr Garnry remains sceptical. “We need to see a breakout of interest rates combined with higher inflation before we join the crowd.”

Always remember that past performance is not a guarantee of future returns. Last year’s winners often turn out to be this year’s losers, and vice-versa.

COMPANY%20PROFILE
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Diriyah%20project%20at%20a%20glance
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French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.

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Updated: October 24, 2023, 6:47 PM