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Named In OneCoin Money Laundering Trial David Pike Gets Fourth Extension in SDNY Mag Court

By Matthew Russell Lee, Patreon
BBC - Decrypt - LightRead - Honduras - Source

SDNY COURTHOUSE, Jan 14 – David Pike was repeatedly mentioned during the November 2019 trial which culminated in a jury convicting Mark Scott of money laundering for OneCoin, before U.S. District Court for the Southern District of New York Judge Edgardo Ramos.  

  But Pike did not appear in the trial as a cooperating witness, as did OneCoin's now disappeared founder Ruja Ignatova's brother Konstantin Ignatov. See Inner City Press' first coverage here, and pick-ups here and here (BBC). Pike was not a defender, or even in the same indictment as Scott and the OneCoin siblings.  

Instead, Pike has own case, in which for the fourth time Assistant US Attorney Nicholas Folly asked for an extension.

Folly wrote in an affirmation to this week's Magistrate Judge, Katharine H. Parker, that Pike "was presented before Magistrate Judge James L. Cott on September 12, 2019.... Magistrate Judge Cott set bail, and the defendant remained at liberty pursuant to a set of bail conditions. Under the Speedy Trial Act, the Government was initially required to file an indictment or information on or before October 15, 2019. 2. On October 15, 2019, United States Magistrate Judge Ona T. Wang, granted the parties' mutual request for an order of continuance... 

"Defense counsel and I have continued to engage in discussions concerning a potential pre-indictment disposition in this case... Therefore, the Government is requesting a continuance for a period of 30 days, until Tuesday, February 11, 2020, to continue the aforementioned discussions."    

  As the Magistrate Judge in charge this week, Judge Parker granted the application, in an order entered on January 14: "Order to Continue - Interest of Justice. Time excluded from 1/13/20 until 2/11/20. Follows oral order of 1/13/20. (Signed by Magistrate Judge Katharine H. Parker on 1/13/20)."

    Meanwhile, Scott is asked Judge Ramos to have his sentencing postponed from February 11 to April 11. Inner City Press will be there. Pike's case is US v. Pike, 19-mj-08240 (Unassigned / Parker). 


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