| In SDNY Murky Mag Court Ponzi Schemer
In Foreclosed LI House Released In Polo
Shirt
By Matthew
Russell Lee, Exclusive Patreon
SDNY COURTHOUSE,
June 28 – While
many even most
cases in the
Magistrates
Court of the U.S.
District Court
for the
Southern
District of
New York are
sealed, on
June 27
before
Magistrate
Judge Gabriel
W. Gorenstein
a defendant was
brought in
shackled but in
a polo
shirt
and khakis,
promoted by
the
prosecutors,
and ultimately
released.
His name is
Paul A.
Rinfret and he
has been
living in a
foreclosed on
house on Long Island
for some time.
The US
Attorney's
Office call
him a former
Wall Street
trader, but at this
point his
children might
not sign on to
his bail and
he has a
Federal
Defenders
lawyer. With
Inner City
Press the only
media in the
Magistrates
Court, the
government
wanted
$500,000 in
equity signed
on to for the
bond. But
after some
phone calls
that wasn't
possible.
Judge
Gorenstein
upped the bond
to $1 million,
secured by
whatever
equity his
mother in
law's house
has, and three
signers. Will
these include
his children?
The charging
document says
Rinfret gave
them money,
but at the
bond hearing
the government
said he stole
their money
too. They said
he confessed
to running a
Ponzi scheme.
He was
released,
while a
homeless man
with a gun
maybe or maybe
not in his bag
in Battery
Park was
detained. And
so it goes in
the SDNY Murky
Mag Court.
Cynthia
Jordan, now
61, was
arrested in
March for
stealing from
the Wall
Street firm in
which she
worked in the
accounting
department, to
the tune of
$688,142. Only
$73,000 of
this was by
wire
transfers, it
emerged in the
Mag Court with
Inner City
Press the only
media present.
There were
also 59 false
overtime
payments, 111
paychecks and
other hard
copy checks.
But it's all
under wire
fraud. The
maximum
sentence in 20
years in
prison but
there is a
plea
agreement,
with the
sentencing set
for October 3.
Inner City
Press will
continuing to
follow this
and other Mag
Court cases.
u
On June
25 Magistrate
Judge
Lehrburger
ordered
detained a
defendant named
Martinez charged
with 33
kilograms of
cocaine, a
first name -
Eliot - and
a case number
were provided:
19-mj-5950.
But by 5 pm,
even after Judge
Lehrburger
had detained
Mr. Martinez
and set a July
8 hearing,
PACER said
"Cannot find
case
19-mj-5950."
So Inner City
Press reports:
Judge
Lehrburger
said he did
not find a
risk of
flight, but
given the
heavy weight
of coke, and
that Martinez
violated the
terms of his
probation in
New Jersey, he
would be
detained. This
came four
hours after an
appearance
before Judge
Castel of a
defendant
accused of offenses
against
children, a
defendant who
unlike
Martinez was
allowed free
on bond, to
his mother's
house in
Freehold, New
Jersey...
O
***
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