| Citibank
Wire Transfer Trial Has Vinella Cross From
California By Zoom Press Sans Deposition
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Dec 9 – As Citibank
tries to recoup the money it
wired out on August 11, 2020,
the virtual / Zoom trial began
on December 9 before U.S.
District Court for the
Southern District of New York.
Inner City Press is covering
it.
Here
for now some of the blow by
blow (some exhibits have been
obtained, others remain
outstanding. Due to recent
problems with Scribd platform,
analysis and some exhibits on
Patreon, here.
That where we can put zip; here's
one on DocumentCloud, here.
Thread Part
1:
Prior to any
witnesses, the discuss is of
jurisdiction - not only
diversity, but under the Edge
Act / international wires.
Many uses of the
phrase "belt and suspenders,"
very SDNY. "The rules on
redacting in the Southern
District are pretty clear."
[That's not what Michael
Avenatti says, withholding
everything as opposed by Inner
City Press, here]
Still in preliminaries,
discussing which documents
will come in and how. Question
arises how the media will get
access to the documents. Judge
Furman does his best, for now;
Inner City Press pursues.
Now first
witness is up: Vincent
Farrell. Judge Furman:
"Welcome to my virtual
courtroom." Indeed....
On the screen,
Defendants' exhibit 668, a
chat involving Vincent
Farrell: "it is not a
repayment" (of principal on
the Revlon term loan)
In response
to an objection, Judge Furman
says "I'll allow it, subject
to the caveats I've given. I'm
not going to defer to the
witness on legal conclusions."
Now he's asking
Farrell his own
questions. Farrell is in
a black suit, with a black
tie. Next witness:
Vincent Fratta.
Judge Furman
sustains objections to Para 39
of his declaration / direct
testimony, the sentencing
beginning "it was important"
& "we also wanted."
In Citibank
trial, witness is Brendan
Zeigan, being asked about the
general ledger.
And Part
II:
Now "Mister
Vinella," sounding like
Vanilla, being cross examined
about his deposition, which we
don't have - yet?
Interesting to
compare Vinella wooden floor
(cabin?) to the lawyer cross
examining him, from office.
Zoom trial.
Vinella is
sparring back well, it
seems Q: Do you
consider this to be a cash
break? Objection!
Judge Furman:
Sustained. Q: (rephrased to
compare to industry standard)
Vinella: There's also the
payment break. Or a notice
break. Three types of break.
Q: Any definition you want.
Objection, form.
Overruled.
Vinella is being
shown a notice Q: Scroll up to
page 005. This is an email
from Harmodic Fund Services,
on August 12 at 2:20 Vinella:
The GMT is 4. There's a London
or Dublin address.
Q: Not relevant
to my question. Have you seen
this before? Vinella:
No. Vinella: These
notices have a lot of
problems. But this isn't
questioning if the payment is
incorrect.
Q:
"Harmonic had requested... so
we can book." Vinella: A cash
reconciliation break. Let me
get more granular. Harmonic
believes the notice is not
sufficient
Q: You were a
member of the trade
association LSTA? Vinella:
Yes.
Q: And LSTA says
that the funds should be
returned to Citi? Objection -
"he has not knowledge." No
further questions.
Judge Furman: So
we'll stop. Redirect 9 am.
Vinella: 6 am for me.
Note: in fairness, the Farrell
exhibits were provided. But not the
Vinella, at least not yet, while he was
bring examined and cross. Analysis and
some exhibits on Patreon, here.
The case is
In re Citibank August 11, 2020 Wire
Transfers, 20-cv-6539 (Furman)
***
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