| SDNY Charges Seidel For
Lying To SEC While OneCoin and Bronx Exhibits
Withheld
By Matthew
Russell Lee, Patreon
Honduras
- The
Source - The
Root - etc
SDNY COURTHOUSE,
Dec 23 –
While the charging of two
broker / dealers / investment
advisers for withholding the
truth from the SEC were
announced by the SDNY US
Attorney's Office, that Office
has still not provided its exhibits
on OneCoin and, so far,
a just-passed Bronx murder
trial, below.
From the December
23 announcement: ALAN
SEIDEL and
BENJAMIN
MEKAWAY were
charged this
morning with
falsifying the
books and
records of
Seidel &
Co., LLC
(“Seidel &
Co.” or the
“Firm”), a
broker-dealer
they
controlled,
submitting
false reports
to the United
States
Securities
and
Exchange
Commission
(“SEC”)
regarding
Seidel &
Co.’s net
capital, and
making false
statements to
SEC
staff.
As alleged, in
late 2016,
SEIDEL, Seidel
& Co.’s
chief
executive
officer, and
MEKAWAY, a
Seidel &
Co. employee,
falsified the
financial
records of
Seidel &
Co. to obscure
the fact that
Seidel &
Co.’s net
capital fell
below the
threshold
mandated by
SEC
regulations,
submitted
reports to the
SEC containing
false
representations
regarding
Seidel &
Co.’s
financial
condition, and
lied to SEC
staff members
who made
inquiries
about Seidel
& Co.’s
net
capital.
SEIDEL and
MEKAWAY will
be presented
today before
U.S.
Magistrate
Judge Stewart
D. Aaron."
Inner City Press covered a
bail decision by Judge Aaron
on December 23 - but is most
concerned with the OneCoin
exhibits, for which it has had
to file a FOIA request, still
not fulfilled.
The Bronx
trial for which Inner City
Press has also asked for
exhibits: on the second day of
2014 in The Bronx, New York
Shaquille Malcolm was
repeatedly shot and killed in
a building in the Allerton
section.
In arraignments
that followed, Inner City
Press reported
that the death penalty was on
the table, including as to a
co-defendant who has since
pled guilty to a superseding
indictment, Gyancarlos
Espinal.
On December 4 the
two remaining co-defendants
Arius Hopkins and Theryn Jones
a/k/a Old Man Ty were on trial
before U.S. District Court for
the Southern District of New
York Judge Lewis A. Kaplan.
Testifying against them was
now cooperating co-defendant
Alexander Melendez. He
described using a .22 to shoot
and kill Shaquille Malcolm,
with orders and firepower
given by the two mean with six
lawyers sitting at the defense
table.
The
upcoming issue is the use of a
rap or hip-hop song as
evidence. Arius Hopkins'
lawyer Glenn A. Garber had
asked that prospective jurors
be asked if they were familiar
with "the genre of music
called gansta
rap."
On December 4,
Assistant US Attorney Danielle
R. Sassoon argued that
questions about the song - a
copy of which does not appear
to have been uploaded by the
US Attorney's Office unlike
with GUMMO and Billy in the #6ix9ine
trial also known as US
v. Jones - should be
limited.
Such songs
and lyrics are also being used
by the US Attorney's Office in
another SDNY case Inner City
Press has covered,
US v. Darrell Lawrence, et
al., 19-cr-761 (Oetken).
It is an emerging and
accelerating First (and Fifth)
Amendment issue, leading Inner
City Press to raise folk-type
song SDNY questions.
Judge Kaplan reserved judgment
on what he will allow on
cross-examination. This case
is US v. Jones, et al.,17-cr-791
(Kaplan).
***
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