| Park Avenue Bank Former
Director Released On $500,000 Bond With Travel
to Florida and Mental Evaluation
By Matthew
Russell Lee, Patreon
Honduras
- The
Source - The
Root - etc
SDNY COURTHOUSE,
Nov 12 – Two defendants
who allegedly defrauded Park
Avenue Bank were presented and
pled not guilty in U.S.
District Court for the
Southern District of New York
Magistrate court on November
12, and were both quickly
released on $500,000 bond
each.
Inner City Press was there, as
were a number of the
defendants' supporters and at
least three privately retained
lawyers including Benjamin
Brafman.
The US Attorney's Office
announced the unsealing of an
Indictment charging attorney
Mendel Zilberberg, a former
director of Park Avenue Bank
and Aron Fried with bank fraud
and related charges for
perpetrating a fraudulent
scheme to obtain a $1.4
million loan to a straw
borrower on the basis of false
statements and
misrepresentations. Zilberberg
was also separately charged
with embezzlement and
misappropriation of Bank funds
while he was a director and
insider of the Bank.
Magistrate Judge Katharine A.
Parker asked what time the
defendants had been arrested.
Assistant US Attorney Sagar K.
Ravi said at 6 am; he has
already summarized the terms
of release to a pre-trial
services offer.
Judge Parker
asked each man who he pled -
not guilty - and then jotted
down the terms of their
release. For Zilberberg it was
a $500,000 bond secured by his
home in Moncey, New York, with
mental health treatment as
needed and travel to New
Jersey and Florida.
Fried didn't secure his
$500,000 bond with property
but rather three co-signers;
he can travel also to the
Eastern District of
Pennsylvania. His lawyer, who
had before Judge Parker began
said with apparent sarcasm,
Wait until you see the
notorious violent criminals
coming out, asked that the
Marshals take his ankle irons
off. This occured as the next
presentment, of a defendant
whose supporters down from The
Bronx included a baby, was
prepared.
The
case is US v. Zilberberg
and Fried, 19-cr-802
(Daniels / Parker). The next
appearance is set for December
3 at 10 am. Inner City Press
will continue to follow this
case
***
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