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Colello On Trial For Defrauding Texas Oil Co Out of $2M Has Cross of Smith Limited

by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, May 22 – Michael Colello is on trial, charged with a scheme to defraud a Texas oil and gas company out of nearly $2 million.

  On May 22, 2023, U.S. District Court for the Southern District of New York Judge Jed S. Rakoff began Colello's trial. Inner City Press was there.   On the witness stand was Mr. Smith, who had wired money at Colello's directly.

The Assistant US Attorney sought to introduce an email with a hyperlink. Colello's lawyer objected, saying the hyperlink or its underlying document was in evidence. 

Judge Rakoff called for a sidebar, without white noise. (The document, when admitted and published, was not put on the TV monitor facing the gallery).

Smith testified that now the link does not work, but that it had in 2015.

On May 23 Smith was still on the stand, with the jury out of the room, when counsel argued about the admissibility of a document about the SEC for cross examining Smith. The AUSA suggested that Smith leave the courtroom; he did, to the witness room. After a recounting of the argument that a SEC filing couldn't be made due to the absence of an auditor, the document was excluded, at least for the moment.

  The trial continues. The case is US v. Colello, 20-cr-613 (Rakoff)


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