by Matthew Russell Lee, Patreon Book Substack
SDNY Exclusive, July 5 – A man charged with financial and cryptocurrency fraud, whose son as already pleaded guilty, was arrested and presented on July 5 before U.S. District Court for the Southern District of New York Magistrate Judge Jennifer E. Willis. Inner City Press was there, the only media in the courtroom. Thread:
OK - now at bail hearing in US v Eugene Austin, charged with wire fraud, money laundering and interstate transport of stolen goods.
US Attorney's Office proposes release on $1 million bond, secured by $100,000 - today- and "no new cryptocurrency accounts."
CJA defense lawyer says release today, meet conditions later
AUSA: He and his son victimized 20 people for over $10 million, offering crypto through other family members' bank accounts. He has a history of mental health issues and oxy use, living a nomadic lifestyle
AUSA: He serially opened free 1 month gym memberships in variations of his name.
Defense: He has A.D.D. and used fentanyl only once, by mistake, in 2021. He is not affluent - look, he is here in short and a T-shirt.
Judge Willis has returned to the bench and notes that defendant didn't flee after son's plea. He is being released tonight, with no GPS yet, with 2 days to come up with a co-signer.
The case is US v. Austin, 23-mj-5225 (Willis)
More including on son's case on Substack here
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