Inner City Press

In Other Media-eg New Statesman, AJE, FP, Georgia, NYTAzerbaijan, CSM Click here to contact us     .

These reports are usually available through Google News and on Lexis-Nexis

Share |   

Follow on TWITTER

Home -

These reports are usually available through Google News and on Lexis-Nexis


(FP Twitterati 100, 2013)

ICP on YouTube

More: InnerCityPro
Sept 24, 2013

UN: Sri Lanka


FOIA Finds  

Google, Asked at UN About Censorship, Moved to Censor the Questioner, Sources Say, Blaming UN - Update - Editorial

Support this work by buying this book

Click on cover for secure site orders

also includes "Toxic Credit in the Global Inner City"




Bank Beat

Freedom of Information

How to Contact Us

Ex-JPMorgan Trader Objects To SDNY Zip Codes As Evidence In Re-Opened Case Against Him

By Matthew Russell Lee, Patreon
Honduras - The Source - The Root - etc

SDNY COURTHOUSE, Nov 12 –  Akshay Aiyer, formerly of JPMorgan, is standing trial for bid rigging and price fixing with regard to the Russian ruble and other currencies in violation of the Sherman Act.

    But somehow the prosecutors forgot, before closing their case, to prove venue: that acts occurred in the Southern District of New York.

   And so SDNY Judge John G. Koeltl on November 14 gave them a break to find a zip code map, and they did. Aiyer's lawyer Martin Klotz of Wilkie Farr said he did not object to Judge Koeltl taking judicial notice of the map. But he did object to the government re-opening its case to get the evidence in.

   Judge Koeltl overruled the objection, saying that it is within his sound discretion to allow the re-opening of the government's case particularly if there was, as here, no prejudice.

    Except that due to the government's omission, Aiyer might have gone free?

  His Rule 29 motion was denied by Judge Koeltl without prejudice to be renewed. In an oral ruling Judge Koeltl distinguished then-District Judge Walker's decision in APEX Oil; he rejected the argument that the trader was only trying to help his client.

  Price fixing and rig bidding, amended by Judge Koeltl to bid rigging, are per se violations of the Sherman Act.

   If Aiyer is convicted, expect to see the zip codes and the decision to allow the government to re-open its case to get them into evidence in an appeal. The case is US v. Aiyer, 18-cr-333 (Koeltl).


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]
SDNY Press Room 480, front cubicle
500 Pearl Street, NY NY 10007 USA

Mail: Box 20047, Dag Hammarskjold Station NY NY 10017

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 2006-2019 Inner City Press, Inc. To request reprint or other permission, e-contact Editorial [at] for