For Singapore Solution Tax Fraud Schnellmann Got Time Served Now Sage Extradited to Plead

For Singapore Solution Tax Fraud Schnellmann Got Time Served Now Sage Extradited to Plead by Matthew Russell Lee, Patreon Book Substack SDNY COURTHOUSE, May 7 – Rolf Schnellmann, Daniel Wälchli and Zurich, Switzerland-based Allied Finance Trust AG were indicted in 2020 for conspiracy to defraud the US.  On September 29, 2023, Schnellmann was brought before U.S. District Court for the Southern District of New York Magistrate Judge Ona T. Wang after being extradited in from Italy. Inner City Press was there, the only media in the SDNY Mag court. Thread On October 12, Judge Gregory H. Woods held a conference, and set a next one for February 1: "Discovery has been produced. A status conference is scheduled for February 1, 2024, at 2:00 p.m. But on December 21, Schnellmann appeared again before Judge Woods, this time to plead guilty to a 24 to 30 month Guideline sentence. Sentencing was set far in the future: July 19, 2024. On March 20, co-defendant Daniel Walchli filed a heavily redacted sentencing submission - including even in the table of contents, "Dani's Acceptance of Responsibility [REDACTED.] With that, he wants no jail time. On March 26 the US Attorney's Office wrote in asking for 18 months, arguing that the six months recommended by Probation would "fail to serve the essential sentencing goals." But on April 2, Walchli got time served: "Minute Entry for proceedings held before Judge Gregory H. Woods: Sentencing held on 4/2/2024 for Daniel Walchli (6) Count 1. Defendant Daniel Walchli (out on bail) present with attorneys [4]. Sentencing hearing held. The defendant is sentenced to Time Served. A special assessment fee of $100.00 is due immediately. A fine in the amount of $50,000.00 is ordered." On September 27, 2024, Schnellmann's asked for time served. On October 11, he got just that: "JUDGMENT In A Criminal Case Date of Imposition of Judgment: October 11, 2024. Defendant Rolf Schnellmann (5) pleaded guilty to Count(s) 1 of the Indictment. IMPRISONMENT: Time served. Jump cut to May 7, 2026: "The Government respectfully submits this letter jointly with counsel for defendant Roderic Sage, who is charged in the above-captioned case with one count of conspiracy to defraud the Internal Revenue Service. Mr. Sage, who is a U.K. citizen, has been ordered extradited from the United Kingdom and is expected to appear in this District next Thursday, May 7, 2026. He has agreed to plead guilty to the charge in the Indictment pursuant to a plea agreement.... ENDORSEMENT: Application granted. The Court refers the presentment and Rule 11 hearing to Magistrate Court. The parties are reminded to provide to the Court the transcript of the plea hearing and a proposed Order to accept the guilty plea following the proceeding." The overall case is USA v. Bechtiger, 1:20-cr-497 (Woods) More on Substack here  *** 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 Mail: Box 130222 NY NY 10013 Other, earlier Inner City Press are listed here, and some are available in the ProQuest service, and now on Lexis-Nexis.  Copyright 2006-2026 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] innercitypress.com