Italian Man Indicted for Telling Investors He Was In with Anduril Pleads Guilty

Italian Man Indicted for Telling Investors He Was In with Anduril Pleads Guilty by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, March 5 –   An Italian man charged with defrauding US investors by claiming to have a connection to defense contractor Anduril though Sestante Capital LLC was ordered free on bail on December 15 - then the order was stayed for 24 hours. Inner City Press was there in the U.S. District Court for the Southern District of New York and live tweeted, here AUSA: The defendant claimed connections to Anduril Industries, a private defense technology company. He is a citizen of Italy; CBP has already filed a detainer. He lived for most of his time here in a hotel in Manhattan. He has an ex wife and children in the UK... He did not speak to pre-trial services--  Federal Defender: On my advice.  His wife is here in the courtroom. They live in Manhattan. [She waves at judge]  Federal Defender: She is not employed but wants to enroll in an MBA program. He has an E-2 investor's visa. He was living at the Roxy Hotel, then Leonard Street.  He's an only child.. Judge: I find I can release him, to home detention with GPS Pre-Trial: Cannot be installed today   Judge: I order Mr Pennetta free on unsecured bond co-signed by 3 people including his wife Ms. ___anko  AUSA: We ask for 24 hour stay to appeal to Judge Rakoff FD: Object Judge: Stay until noon... No, 24 hours  Judge Rakoff increased the bond: "as to Giovanni Pennetta, $500,000 PRB; Co-signed by three (3) FRP; Def. to be detained until all conditions met. All conditions as set by Mag. Gary Stein on 12/15/2025 continue with the exception of the increase on the bond as indicated above, 3 FRPS acceptable to the Government." On March 5, 2026 Pennetta pled guilty; he is scheduled to be sentenced on June 9, 2026. Indictment on Patreon here The case is USA v. Pennetta, 1:25-cr-577 (Rakoff) *** 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 500 Pearl Street, NY NY 10007 USA Mail: Box 130222, Chinatown Station, NY NY 10013 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 2006-2025 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com