| Velassaris
After Fraud Arrest Still Works at Infinity
Q Capital Counsel Says Getting $3M Bond
By Matthew
Russell Lee, Patreon Maxwell
Book
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Feb 25 – In the U.S. District
Court for the Southern
District of New York on
February 25, a presentment and
bond hearing was held by
Judge Denise L. Cote on James
Velissaris. Inner City Press
live tweeted here:
now in US v.
JAMES VELISSARIS, founder of
Infinity Q Capital Management
the defendant's new law firm
(Arnold & Porter) says
they have a novel view
different than previous
counsel (Gibson Dunn) so want
trial in Feb 2023.
Judge Cote picks
Nov 28, 2022 Velissaris'
lawyer says Velissaris is
still employed by Infinity Q.
Judge asks, How,
if he's to have no contact?
A bond was
agreed to, of $3 million with
travel restricted to the SDNY,
EDNY NJ and Las Vegas. The US
Attorney's Office said
"VELISSARIS defrauded Infinity
Q’s investors by taking an
active role in the valuation
of Infinity Q’s positions, and
by modeling the positions in
ways that were not based on
the actual terms of the
underlying contracts and were
inconsistent with fair
value. VELISSARIS’ input
into the BVAL valuation
process was inconsistent with
Infinity Q’s representations
about the independence of the
process and allowed VELISSARIS
to fraudulently mismark
positions in BVAL."
The case is US v.
Velissaris,
22-cr-105 (Cote)
***
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