| In Russian
Money Laundering Case Jain Gets 3 Months
Starting Sept 14 and $15000 Fine
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY COURTHOUSE,
Aug 12 – Niket Jain of
Aberon Capital, charged with
securities fraud, on August 12
got a rare in-person hearing
before U.S. District Court for
the Southern District of New
York Judge P. Kevin Castel.
Inner City Press went and
covered it, as one of five
people in the gallery
including Assistant US
Attorneys.
Jain's
lawyer Weinstein said his
client was a pawn of a Russian
organized crime figure and
that the US withheld info.
He called a
Special Agent, then AUSA Tara
LaMorte who testified behind
an opaque face shield.
Weinstein asked
the agent, The 16 cases you
worked on, was there always an
AUSA assigned?
Agent: Yes.
Weinstein: What
percentage were in SDNY?
Judge Castel:
What percentage of 16? Or the
number?
Weinstein:
Number. Agent: Maybe
ten.
Weinstein by
early afternoon was still
questioning the agent, now
about his 302s and "a house
owned by Vladimir Putin"
Judge Castel
asked, Where is this going?
I'll allow you to sum up.
Weinstein:
This is why I was asking in
advance for a post-hearing
briefing schedule.
And he did
finish with the two witnesses
by 5 pm. Inner City Press said
it would continue to
cover this case, and it has:
Jain has been sentenced to
three (3) months: "JUDGMENT In
A Criminal Case. Date of
Imposition of Judgment:
3/2/2021. Defendant Niket Jain
(1) pleaded guilty to Count(s)
4. Count(s) 1, 2, 3 are
dismissed on the motion of the
United States. IMPRISONMENT:
Three (3) months. The court
makes the following
recommendations to the Bureau
of Prisons: The defendant
served as close as possible to
New York City to facilitate
family visitation. - The
defendant shall surrender for
service of sentence at the
institution designated by the
Bureau of Prisons: before 2
p.m. on 9/14/2021. SUPERVISED
RELEASE: One (1) year.
Standard Conditions of
Supervision (See page 4 of
Judgment). Special Conditions
of Supervision (See page 5 of
Judgment). ASSESSMENT:
$100.00, due immediately.
FINE: $15,000.00. Special
instructions regarding the
payment of criminal monetary
penalties: The fine of $15,000
shall be paid in full 180 days
from the date of Judgment.
(Signed by Judge P. Kevin
Castel on 3/2/2021)."
This case is US
v. Jain, 19-cr-59
(Castel)
***
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