| Banca IMI Trader Meyers
Faces Genteel Prosecution For ADR Violations
Of Antitrust Laws
By Matthew
Russell Lee, Exclusive, Patreon
SDNY COURTHOUSE,
June 19 – The US has quietly
filed a criminal antitrust
case against Banca IMI trader
Larry D. Meyers, concealing
the case number and adjourning
what was listed as a plea
proceeding on June 19 before
Judge Paul A. Engelmayer of
the U.S.
District Court
for the
Southern
District of
New York,
Inner City
Press can
report.
The case
involves
violations
with the
Sherman Act
with respect
to American
Depository
Receipts. It
is a quiet
part of a larger
case.
Back on 9 May
2019 DOJ
Antitrust
Division
criminal chief
James J.
Fredricks
signed a
"Notice of
Intent to File
An
Information"
against
Meyers.
Through
so-called
"Wheel B" it
was assigned
to SDNY Judge
Engelmayer, by
Magistrate
Judge Ona T.
Wang.
On
June 5 - it is
not clear
where -
Meyers and his
attorney Dan
Portnov
"waive[d] in
open court
prosecution by
indictment and
consent[ed]
that the
proceeding may
be by
information
instead of by
indictment."
That way,
instead of
through the
more public
Magistrates
Court, Meyers'
presentment
was before
Judge
Engelmayer,
with a Docket
Number listed
as "19-CR-
[blank],"
quickly
released on
$100,000 bond,
travel
restricted to
the US and
Ireland unlike
most
defendants
confined to
two or three
US Districts.
This is the
VIP aisle of
indictments,
with the DOJ
helping to
avoid any
possible perp
walk.
And so it was
that while the
week's SDNY
"Civil and
Criminal
Proceedings
Calendar" for
the week of
06/17/19
listed on June
19 at 5 pm a
plea before
Judge
Engelmayer in
USA v. Meyers,
19-cr-[blank],
the courtroom
of Judge
Engelmayer
where Inner
City Press had
been earlier
in the day on
a Hobbs Act
robbery trial
was empty.
There was no
sign on the
door
explaining
why, as was
done for
example on the
door
of Judge
Deborah Batts
about Michael
Avenatti.
There are VIP
lines, and vip
lines.
Currently
the docket
does not show
where the next
proceeding
will take
place. But
Inner City
Press believes
it knows.
Watch this
site - and for
more, see its
Patreon, here.
While many even
most cases in the Magistrates
Court of the SDNY
are
sealed, on
June 19 Magistrate
Judge Sarah
Netburn in processing
three
alleged co
conspirators
did not use
the word
sealed or
docketing
delayed.
No case
number was
given, that
the surnames
of the
defendants
were Perez,
Grito and (it
seemed) Gazono.
Or Bisono.
He was represented
by the Federal
Defenders, so one
would think it
would be
listed there.
He was also
pressed for an 8 pm
curfew, which
Federal
Defender Julia
Gatto
effectively
fought off.
This
was undermine
by a CJA
lawyer agreeing to
the curfew for
his client -
but Judge
Netburn in any
event
did not agree
to it.
Instead she
told Pre-Trial
Services to go
check out the
home to see if
the monitoring
needed to
enforce a
curfew could
work there.
The
day's last
case before
Judge Netburn
seemed
straightforward.
Ricardo Reynoso,
resident of Massachusetts,
had been
arrested at
11:30 am that
day in
Connecticut.
Judge Netburn
released him
on $75,000
bond.
Judge
Netburn,
who the
previous day
sealed and
delayed
docketing on a money
laundering
case from New
Jersey
completing the
tri-state
trifecta, told
Ricardo Reynoso about
a program she and
another
SDNY judge
(apparently
SDNY Chief
Judge Collen
McMahon)
run. It is
called Young
Adult
Opportunity
Program.
Because
Inner City
Press is not
*only* about
pushing for
transparency,
for example
of the a suddenly
sealed
sentencing
before Judge
Lorna G.
Schofield on
June 17,
we link to this
program here.
It's all to
the good. So is
transparency,
including on
warrants.
We'll have
more on this.
The
next hearing
for Bryan
Pivnick is
July 1.
Inner City
Press and @SDNYLIVE will be there.
***
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