Stockbroker testifies in McDonnell case

RICHMOND, Va. (WUSA9) -- The McDonnell's stockbroker took the stand Friday in the second week of the former Governor's corruption trial.

Jonnie Williams had given Maureen McDonnell a $50,000 loan, and she used about $31,000 of that to buy Star scientific stock.

But, Piscitelli testified Friday that Maureen McDonnell wanted shares moved out of her name to avoid reporting requirements in 2011 and 2012.

State officials in Virginia are required to report securities owned by family members over 10,000.

Piscitelli also said that on February 23 of 2012, the governor discussed in a conference call an idea of opening a separate individual account for Maureen in which to transfer shares and then borrow from. That plan never happened.


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