by Matthew Russell Lee, Patreon Book Substack
SDNY COURTHOUSE, July 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, is wheeled to Judge Andrew L Carter, July 11 date.
The case is US v. Meadow, 23-cr-313 (Carter)
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