| For BitMEX Execs Charged With Bank
Secrecy Act Violations Now Trial Set for
March 30
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Oct 20 – Four executives of
the Bitcoin Mercantile
Exchange or BitMEX are
criminal defendants for
violations of the Bank Secrecy
Act.
On October 13 U.S. District
Court for the Southern
District of New York
Judge John G. Koeltlt held a
proceeding. Inner City Press
covered it.
The
complaint says the defendants
"deliberately failed to
implement BSA-Compliant AML
and KYC programs at BitMEX."
They have
demanded a bill of
particulars, and the
government has opposed
it. Judge Koeltl on
October 13 gave the defendants
until October 22 to reply to
DOJ's opposition.
On October 20,
after initially being stopped
from entering the SDNY
Magistrates Court (even while
the overflow room 15A was
locked), Inner City Press
managed to enter and witness
the telephone presentment of
defendant Gregory Dwyer, by
phone - from JFK airport, as
it happened.
Dwyer's lawyers
had written in request the
airport phone presentment so
as to avoid a night of
incarceration (to which others
on October 20 were confined,
in non white collar cases).
Magistrate Judge
Robert W. Lehrburger could be
heard speaking into the phone,
but the other side's responses
could not be, even in the
courtroom. But the conditions
of release were announced by
Judge Lehrburger, including
ultimately freedom to travel
to Bermuda.
Now a trial is
set for March 30: "ORDER as to
Arthur Hayes, Benjamin Delo,
Samuel Reed. Trial in this
matter is adjourned to
Wednesday, March 30, 2022, at
9:00am (Jury Trial set for
3/30/2022 at 09:00 AM before
Judge John G. Koeltl.) (Signed
by Judge John G. Koeltl on
12/7/21)."
The case is
overall case is US v. Hayes,
et al., 20-cr-500 (Koeltl)
***
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