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Partner tells court how he found alleged theft from financial firm

A partner in a company allegedly plundered by financiers David and Antoinette Bolden told a jury he "trusted them implicitly" - but later found out the company accounts had been drained.John Wright was one of two Canadian partners in Emerald Capital International (ECI) along with Mr and Mrs Bolden, from Bermuda.According to prosecutors, the Boldens stole more than $360,000 from ECI in late 2008 and early 2009 to support their other failing companies, pay debts, and live beyond their means.Mr Wright testified in the case against the Boldens at Supreme Court this morning, saying of them: "We trusted them implicitly. They seemed like they had a good reputation on the Island and good contacts."However, he said Mrs Bolden, 47, the company's chief financial officer, failed to provide quarterly statements requested and expected of her by him and his partner Jason Bagg.The Canadian partners had persuaded investors to plough $1.2 million [US] into ECI, and the financial information was needed for these shareholders.[We] asked Antoinette on a number of occasions, both Jason and I, to produce them, to provide them to us, but we did not receive them,” he told the jury.“Often [there was] no response. Often ‘I'm too busy;' there were other things. She seemed like a busy person, she had a lot in her life, so I did not receive quarterly statements.”When he spoke to Mr Bolden about this, “he said he would look into it and get back to us,” but failed to do so.Mr Wright told the jury he and Mr Bagg were based in Canada, but monitored the ECI bank accounts with Bank of Butterfield in Bermuda via online banking.Around October or November of 2008, he found he could no longer log in to the accounts.When he and Mr Bagg obtained copies of the statements in January 2009, they uncovered the alleged theft. Mr Wright was on a business trip to the United Arab Emirates at the time.“There appeared to be funds missing and so I called him [Mr Bolden] from Dubai and I couldn't get hold of him so I sent an email,” he said.According to Mr Wright, Mr Bolden did not respond to requests for an explanation, saying he was “busy”.According to prosecutor Susan Mulligan, the Canadian partners were eventually left with no option but to contact the police.In addition to 18 charges of theft, the Boldens, of Hamilton Parish, are also charged with six counts of money laundering and one of supplying misleading information to the Bermuda Monetary Authority.They deny all the allegations, and the case continues.