| Securities
Fraudster Koch Sued For Extorting
Cannabidiol Entrepreneur Now Caro
Deposition
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
August 9 – Robert Koch
pleaded guilty to "pump and
dump" security fraud in 2010.
Thereafter Caro Capital LLC
hired him but only to work on
"discrete, one-off project
that were not prohibited by
Koch's criminal
history."
Then came Brian
John, Richard Miller and ther
Jupiter Wellness, Inc. seeking
to go public selling
cannabidiol CBD sunscreen and
eczema treatments.
They dumped
Koch, knowing that his
conviction would undermine
them selling
securities. But,
they claim, Koch then tried to
extort them for $9 million.
They sued.
On October
8, 2020 U.S. District Court
for the Southern District of
New York Judge Lewis J. Liman
held a proceeding. Inner City
Press covered it.
Judge Liman said
all depositions must be
completed by March 5, and to
be ready for trial by July 30,
with a three day trial
anticipated.
Now on December
29, SDNY Magistrates Judge
Sarah L. Cave held a
proceeding, which Inner City
Press also covered. Koch has
filed a counter-claim to
recover damages. Caro
Capital's lawyer said they see
no merit and do not anticipate
making any settlement offer on
them, pointing to their
pending motion for judgment on
the pleadings.
Still,
Judge Cave set up a session to
attempt to settle, on February
10, 2021; she said the parties
could set up a Zoom or WebEx
connection, or use the Court's
AT&T phone line. A dog
barked, and happy New Years
was wished.
Jump cut to
August 9, 2021. District Judge
Lewis J. Liman held a
proceeding, and Inner City
Press covered it. There have
been motions to dismiss the
second amended counterclaim;
Caro is to appear for a 7 hour
deposition on September 2 or
3.
The case is Caro
Capital, LLC et al v. Koch et
al., 20-cv-6153 (Liman / Cave)
***
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