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by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, April 19 – As the third of four insider trading prosecutions announced on June 29, 2023 by the US Attorney for the Southern District of New York, Michael Shvartsman, Gerald Shvartsman, and Bruce Garelick were charged with making more than $22 million dollars in illegal profits by trading in securities of Digital World Acquisition Corporation based on MNPI about DWAC’s planned but not yet public business combination with a media company founded by former President Donald J. Trump.   On July 5, the case was ..read more

by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, April 19 – In the Trump Trial on the fourth day of jury selection, the last of the alternate jurors was selected, and opening statements set for April 22 at 9:30 am. Justice Juan Merchan followed his admonition to not report on places of employment or accent in a similar vein about a prospective juror rejected due to a prior felony conviction.  But if that's not reported on, how will the public know?   Leaving things vague, the prospective juror served more than two years in a Northeastern state's pr ..read more

by Matthew R. Lee SOUTH BRONX, April 19 – Capital One has applied to buy Discover, in an anticompetitive deal that should be rejected by regulators if they mean what they have been saying. While they applied late March 20, as of 1 pm on March 22 there was no notice of the Federal Reserve's or OCC's websites. Inner City Press submitted second FOIA requests to each agency. Public hearings should be held, not only on antitrust but also lending disparities at both companies.    While the OCC has yet to provide some records requested under FOIA, it put its application in its r ..read more

by Matthew Russell Lee, Patreon Substack SDNY COURTHOUSE, April 19 – The SEC's trial against  Terraform Labs began on March 25. Inner City Press was there, thread. On November 17, 2023 US District Court for the Southern District of New York Judge Jed S. Rakoff held a hearing on potential trial experts. Inner City Press live tweeted that too, thread.   From March 25, thread: ...Witness is on stand, bought $188,000 of UST on Gemini in Feb-March 2022 Terraform lawyer's Q: You thought there was no risk? Witness: Terraform Labs said that, relatively Q: Which is riskier, U ..read more

By Matthew Russell Lee, Patreon SDNY COURTHOUSE, April 18 -- For scam crypto currency OneCoin, Sebastian Greenwood who co-founded the company with Ruja Ignatova was sentenced to 20 years in prison by U.S. District Court for the Southern District of New York Judge Edgardo Ramos on September 12, 2023. Inner City Press was there and live tweeted, thread here   Mark Scott, who was convicted at trial, on April 18 won bail pending appeal, after redacted submission and in order order itself with redactions.   Judge Ramos denied Inner City Press' application to unseal Greenwood's ..read more

by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, April 18 – Jane Street Group LLC sued Millennium Management, Douglas Schadewald and Daniel Spottiswood, for allegedly taking trade secrets from them.   On April 19 there is scheduled a court hearing on Jane Street's request for a temporary restraining order, before U.S. District Court for the Southern District of New York Judge Paul A. Engelmayer.    Judge Engelmayer on April 17 granted a motion to seal; this was followed on April 18 by not fewer than seven "selected parties" only letters. It is ..read more

By Matthew Russell Lee, Patreon SDNY COURTHOUSE, April 17 -- For scam crypto currency OneCoin, Sebastian Greenwood who co-founded the company with Ruja Ignatova was sentenced to 20 years in prison by U.S. District Court for the Southern District of New York Judge Edgardo Ramos on September 12, 2023. Inner City Press was there and live tweeted, thread here   Judge Ramos denied Inner City Press' application to unseal Greenwood's 33 sentencing letters and redacted memo. Inner City Press filed a notice of appeal - and on April 17, 2024, pro bono counsel filed the brief and appendi ..read more