Listen to the audio on the right: Hear Knight admit he acted as a fiduciary and agree settle and pay what he held.
OUTCOME… only days later he initiated a bogus law suit in the exact amount he held. Cause of action. This website slandered his good name.
His lawsuit had zero merit, his attorney asked to be excused as Knight’s attorney after Knight lied to the court.
Knight LOST the suit
Events leading up to this conversation:
Sept 2010 Grayson sent Knight an article ‘Trauma of Financial Rape‘ to Knight asking he review and object to any part of the article that were not factual or it would be disseminated as is.
20 Sept 2010 Knight responds and suggests a meeting
5 Oct 2010 Knight requests a meeting in the USA
10 Oct 2010 Meeting takes place in Fort Lee, New Jersey
Subject: Knight’s failure to live up to his responsible-ities as a fiduciary.
written transcript –Audio Below.
2006
June through November 2006: Knight enters into a fiduciary agreement which he breaches when failing and/or refusing to return $353,500 he accepted in 4 separate transactions acting as a fiduciary. Knight has repeatedly ignored numerous requests from attorneys and defendant to return the funds.
2010
October: 10 October: At Knight’s request Knight and Grayson meet in Fort Lee, NJ. Knight advises “I want to make it right” ; “I’m thinking what could I do, because I want to help you out. I want to get it resolved”.
When asked why now after 4 years, Phillip W Knight responds ‘You know, I can’t tell you what the exact circumstances were at the time, Liz, but they are genuine now….” **
While spewing seeming sincere words Phillip W. Knight was finalizing his preparation to commence legal action for $350K (the amount he held as a fiduciary) claiming this website, the buzz and blog comments herein were slanderous.
18 October: Knight has Grayson served at her home advising of his suit in the state of Virginia for defamation due to this website and blog.
November
- Knight proposes to settle his lawsuit IF the Defendant agrees to sign a confidentiality agreement “not to publicly discuss or distribute information or any materials (orally or in writing) to any third party that in any way refers, concerns, describes or relates to Phillip W. Knight, the website, or the litigation.”
- Knight’s demand to gag the Defendant is immediately denied.
2010-2011
October 2010 to February 2011: Multiple motions and responses were entered by Plaintiff and Defendant
2011
February: William Zeitler, Attorney for Knight requests to withdraw from the case. Defendant acting pro-se had no objection. The court grants William Zeitler, Esq. his motion to withdraw as Knight’s attorney.
Nov: Case Dismissed. Plaintiff is victorious in Knight’s frivolous lawsuit. The United States District Court for the Eastern District of Virginia/ Alexandria Division dismisses Knight’s case as it had no merit.
2012
United States District Court – District of New Jersey – USA
March 2012 – Motion: Plaintiff Grayson vs. Defendant Phillip W. Knight. Grayson files a motion for Knight to return the $353,500.
2014
Plaintiff Grayson is awarded full judgment
January: Default Judgment in the sum of $353,500 + interest in favor of Plaintiff Grayson against Defendant Phillip W. Knight is entered in the Federal Court, District of New Jersey.
2014-2015
Defendant Knight was contacted on multiple occasions to work with Plaintiff to begin to make payments toward settling the recorded judgment. To date no restitution has been made by Phillip W. Knight.
Click on the arrow in the audio to the right on this page to listen to the meeting.
Please keep in mind when listening to what seems sincere on the part of Knight that he had already started legal action in Virginia and served Grayson on the 18th of the month for $350,000 coincidentally an amount close to the money he agreed to hold as a fiduciary. As noted herein Knight’s lawsuit as dismissed as having no merit.
Is this a man who can be trusted? Listen to the full conversation. HERE
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