Meadow
Bribed
Cooperator For
Insider
Trading Info
off Girlfriend
Laptop now
Plea Talks
by
Matthew Russell Lee, Patreon Book
Substack
SDNY COURTHOUSE,
June 5 – As
the second of
four insider
trading
prosecutions
announced on
June 29, 2023
by the US
Attorney for
the Southern
District of
New York
Jordan Meadow
was charged
with using
inside
information
stolen from a
major
investment
bank in
NYC.
The four
prosecutions
come a week
after the
conviction in
SDNY of
Brijesh Goel,
formerly of
Goldman Sachs.
Goel testified
on his own
behalf in a
trial covered
by Inner City
Press, which
is also
reporteding
weekly on the
SDNY
prosecutors
murky deal
with Sam
Bankman-Fried
to agree to
extradition
from the
Bahamas
apparently in
exchange for
not seeking
detention
(unlike on Avi
Eisenberg) and
now with the
China bribe
charges
severed or
dropped.
Meadow offered
and agreed to
provide items
of value, such
as Rolex
watches, to a
friend, Steven
Teixeira, in
exchange MNPI
that Teixeira
obtained by
secretly
accessing
confidential
work documents
on a personal
laptop
computer
belonging to
Teixeira’s
then-girlfriend,
an executive
assistant at
the Investment
Bank.
The documents
on the Laptop
contained MNPI
about planned
corporate
acquisitions
in which the
Investment
Bank served as
an advisor.
In or around
late July
2021, Teixeira
secretly
accessed
confidential
work
information on
the Laptop and
learned that
in less than a
week, Penn
National
Gaming, Inc.
(“Penn
National”),
was going to
acquire Score
Media and
Gaming Inc.
(“Score”), a
Canadian
digital media
company, for
approximately
$2.2
billion.
Teixeira
shared this
MNPI with a
friend, who in
turn shared it
with
MEADOW.
MEADOW
then purchased
more than 769
call option
contracts in
Score
Then in March
2022, Teixeira
secretly
accessed
confidential
work
information on
his
then-girlfriend’s
laptop and
learned about
a planned
corporate
acquisition of
VMWare, an
enterprise
software
company, for
approximately
$65 billion.
Teixeira
shared this
MNPI with his
friend, who in
turn shared it
with
MEADOW.
MEADOW
purchased over
5,000 shares
of VMWare
stock, as well
as call
options
contracts in
VMWare,
between May 9,
2022, and May
18, 2022, and
advised his
colleague at
the brokerage
firm to
purchase
VMWare
securities.
MEADOW,
34, of Warren,
New Jersey,
who was
arrested on
June 29, amid
the unsealing
of charges
against Steven
Teixeira, who
has pled
guilty
pursuant to a
cooperation
agreement.
Another
Niranjan?
Inner City
Press was at
the
presentment of
Jordan Meadow,
thread:
Meadow
was arrested
at 9 am -
that's why
he's the last
up of the (NY)
Four. Pleads
not guilty. He
is (was?) with
Spartan
Capital
Securities.
Bond is $1
million,
secured by
parents house
and investment
accounts. His
mother is here
The
unnamed
Investment
Bank is Morgan
Stanley. US is
allowing
Meadow to fly
back to Las
Vegas to pick
up his family
Defense
counsel says
Meadow is
seeking a job
in Las Vegas.
Poker was
referenced.
Docketed
on July 5 was
the transcript
- and this:
"ENDORSED
LETTER as to
Jordan Meadow
addressed to
Magistrate
Judge Sarah L.
Cave, from Ira
Lee Sorkin,
Esq. dated
6/30/2023 re:
Defense
counsel writes
for permission
to travel.
ENDORSEMENT:
Application
GRANTED. Mr.
Meadow may
remain in Las
Vegas until
July 5, 2023,
returning to
the NY area on
that date.
Each day, at a
time
determined by
his PTS, he
shall contact
his PTS
officer by
telephone and
confirm his
location and
compliance
with the other
bail
conditions,
which the
Court
previously set
and remain in
effect. Mr.
Meadow shall
also provide
his flight
itinerary to
his PTS
officer ASAP
and contact
his PTS
officer
promptly on
returning to
his residence.
(Signed by
Magistrate
Judge Sarah L
Cave on
6/30/2023)."
From
the
transcript:
Meadow's
"interview
with this new
company in Las
Vegas that has
absolutely
nothing to do
with the
brokerage
business, or,
as the
government
well knows,
his ability to
play poker,
that this
opportunity
should not be
allowed to
pass by." What
does the
government
"well know"
about Meadow's
ability to
play poker?
And does his
new job
opportunity
have to do
with it, or
something
else?
The
case, like
another of the
four, was
wheeled to
Judge Andrew L
Carter.
On
July 11, Judge
Carter held a
status
conference,
and set
another for
October 17 at
2 pm.
On
July 13,
Meadow's
counsel filed
into a docket
a "confession
of judgment"
of $1 million
by Bonita
Meadow and
Bruce Parker
of 48 Country
Club Lane,
Woodstock NY,
pledging
accounts in TD
Ameritrade and
Nationside
Life Insurance
Company.
On
July 26,
Meadow's
counsel wrote
to Judge
Carter that
"we must
withdraw from
representing
Mr. Meadow due
to an
irreconcilable
legal and
ethical
conflict,"
without naming
it.
Jump
cut to June 5,
2024 when
Judge Carter
canceled a
July 16
pre-trial
conference,
having noted
plea
negotiations.
He set a
conference for
June 7.
The
case is US v.
Meadow,
23-cr-313
(Carter)
***
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