Owner of Starkey Laboratories Spends Second Day on Witness Stand

February 12, 2018 07:32 PM

The embezzlement trial centered around Starkey Laboratories continued in federal court in Minneapolis Monday.

Several former executives are accused of stealing as much as $20 million dollars from the hearing aid manufacturing company. 

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RELATED: Trial Underway For 4 Executives Accused of Fraud Against Starkey Laboratories

Company owner Bill Austin was grilled about financial transactions for most of the day. The defense is trying to establish Austin knew, or should have known, what was happening in his company. It presented dozens of financial documents Monday, from tax forms to audit summaries, many of which were addressed to Austin and even signed by him.

Austin acknowledged many transactions were signed by him, but went on to say "when my signature was required, they would line papers up with a sticky arrow where I was supposed to sign."

When asked if he signed off on items he never read, Austin said, "I trust that people are not lying to me."

Cross-examination is expected to continue Tuesday. The trial is expected to last into March.

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Ellen Galles

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