| Kevin
Chiu Accused
of Stealing $2
Million at NYC
Bank Gets Free
Lawyer &
$300000 Bond
By Matthew
Russell Lee, Patreon Maxwell
book
SDNY COURTHOUSE,
March 1 –
SDNY
prosecutors
announced on
March 1 the
"arrest of
KEVIN CHIU, a
former
business
relationship
manager at a
financial
institution
headquartered
in Manhattan,
for a
years-long
bank fraud and
embezzlement
scheme to
steal over $2
million from
his former
clients’
accounts.
CHIU was
arrested this
morning in
Brooklyn and
will be
presented
today before
U.S.
Magistrate
Judge James L.
Cott."
Inner City
Press went to
the
presentment in
the U.S.
District Court
for the
Southern
District of
New York
Magistrates
Court, the
only media
there.
Chiu
was brought
out, in
sweatpants and
a white
T-shirt.
Despite the $2
million theft
alleged, he
was assigned a
publicly-paid
Federal
Defender (who
had been
summoned up to
an unrelated
proceeding
which Inner
City Press
also covered).
The SDNY
prosecutors
had agreed
that Chiu
could be
released on
$300,000
unsecured
bond, but
wanted three
co-signers as
opposed to the
single
co-signer
requested by
the Federal
Defender, and
recommended by
Pre-Trial
Services.
Judge
Cott, after
argument, said
he would
"split the
baby" and
require two
co-signers, in
two
weeks.
The
case is US v.
Chiu,
23-mj-1575
(Cott)
***
Your
support means a lot. As little as $5 a month
helps keep us going and grants you access to
exclusive bonus material on our Patreon
page. Click
here to become a patron.
Feedback:
Editorial [at] innercitypress.com
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA
Mail: Box 20047, Dag
Hammarskjold Station NY NY 10017
Reporter's mobile (and weekends):
718-716-3540
Other, earlier Inner City Press are
listed here,
and some are available in the ProQuest
service, and now on Lexis-Nexis.
Copyright 2006-2023 Inner City
Press, Inc. To request reprint or other
permission, e-contact Editorial [at]
innercitypress.com
|
,
