| Sergei Polevikov on Security
Fraud Charges Was Released on $1.5M Bond Now
Pleads Guilty
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTROOM,
Dec 15 –
In the U.S. District Court for
the Southern District of New
York on September 23, a
presentment and possible
detention hearing was held by
Magistrate Judge James L. Cott
on securities fraud defendant
-- and apparently Belarus
dissident -- Sergei Polevikov,
charged with "misappropriating
confidential information about
pending trades by his
employer."
Inner City
Press went to cover it, and
live tweeted it here
(and researched, see
below)
On December 15,
Polevikov pleaded guilty:
"SERGEI POLEVIKOV, a former
analyst employed by an asset
management firm, pled guilty
to one count of securities
fraud in connection with his
multi-year scheme to commit
insider trading by
misappropriating confidential
information about pending
trades by his former
employer. POLEVIKOV was
arrested in September of this
year, and pled guilty today in
Manhattan federal court before
U.S. District Judge Lewis J.
Liman.. POLEVIKOV is scheduled
to be sentenced by Judge Liman
on April 12, 2022." Plea
agreement - calculating a 57
to 71 month guideline sentence
- is on Patreon here.
Back on October
6, the day before Polevikov
was supposed to meet the
conditions of his $1.5 million
bond, his new lawyer Michael
Gerber of Lankler Siffert
& Wohl has written to
Magistrate Judge Cott asking
for an extra week, to October
14. It is unclear why the
change of counsel impacted the
co-signers. Watch this site.
From September
23: Polevikov is in jeans and
a turqoise T-shirt. He was
arrested last night at 9 pm.
He has 2 Simpson
Thatcher lawyers. "For
presentment only."
Magistrate
Judge Cott: You are charged
with fraud [3 kinds].
AUSA Kirsten
Fletcher: We propose pre-trial
release $1.5 million bond,
secured.
AUSA: He
can spend up to $500,000 on
legal fees. Defense: Agreed.
The wife [Maryna Arystava -
trades were allegedly in her
name] is not employed but is
co-owner of the residence.
Judge Cott: I
agree to the conditions of
release.
Simpson Thatcher's Brooke
Cucinella was apparently the
Criminal Justice Act panel
counsel on duty.
Fast
research finds Polevikov, who
was at Oppenheimer Funds from
2004 to 2019, for now at
WellAI and "Doc in a Pock" -
and that Polevikov tweeted
against Lukashenko of Belarus,
even this week, about
President Biden's speech at
the UN General Assembly.
Inner City Press
ran back to the Magistrates
Court and asked him about it.
He said he had to go.
On October 26,
the US asked for 30 more days
to explore a resolution /
guilty plea: "ORDER TO
CONTINUE IN THE INTEREST OF
JUSTICE as to Sergei
Polevikov. Time excluded from
10/25/21 until 11/24/21.
Affirmation of Kiersten
Fletcher attached. (Signed by
Magistrate Judge Barbara C.
Moses 10/25/21)"
The case is US v.
Polevikov, 21-mj-9162 (Liman)
***
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