| Banca IMI Trader Meyers
Pleds Guilty to Antitrust Violation Now Seeks
End of Probation
By Matthew
Russell Lee, Exclusive, Patreon
SDNY COURTHOUSE,
Feb 15 – The US quietly
filed a criminal antitrust
case against Banca IMI trader
Larry D. Meyers - who quietly
pled guilty and agreed to
cooperate on June 27, 2019
before Judge Paul A.
Engelmayer of the U.S.
District Court
for the
Southern
District of
New York,
Inner City
Press first
reported.
The case
involves
violations
with the
Sherman Act
with respect
to American
Depository
Receipts. It
is a quiet
part of a larger
case. On June
27 the
representative
of DOJ's
Antitrust
Division said
Meyers would
get a 5K1.1
letter if he
fully
cooperates.
Judge
Engelmayer
asked Meyers
to explain
what he did.
Meyers, going
beyond the
script
prepared for
him by his new
lawyer Mr.
Alvarez, said
that only a
few had access
to the
pre-release
ADRs and had
become a "cozy
community." He
said, "We
became too
friendly." Not
anymore...
The plea
almost got
delayed again
because Meyers
old lawyer had
not yet
formally
withdrawn;
Judge
Engelmayer
said a Curcio
hearing might
be needed then
decided not.
He asked Ms.
Brown of DOJ
if anything
was needed
with regard to
the
transcript,
presumably to
seal it.
We don't think
that's
necessary, Ms.
Brown told
Judge
Engelmayer. So
the
cooperation is
entirely
public now, in
this cozy
community.
Inner City
Press wrote
that it would
continue to
follow the
case. And it
has.
Now
on February
15, 2021 -
President's
Day - Meyers'
lawyer Casey
Aerin Lucier
of
McGuireWoods
has written to
Judge
Engelmayer
seeking an end
to probation
and
cancellation
of the next
nine months of
supervision,
saying DOJ
does not
object. Two
systems of
justice?
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. Watch
this site -
and for more,
see its
Patreon, here.
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