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Man Gets 20 Months for Bank Fraud in SDNY now Cooperator in Texas Money Launder Trial

By Matthew Russell Lee, Patreon Maxwell book

SDNY COURTHOUSE, Feb 22 – A man pleaded guilty to bank fraud on January 11 in federal court in Manhattan, with a plea deal of 24 to 30 months.

But it emerged that he has a cooperation deal in a separate money laundering case in the Western District of Texas. 

  He wants to be sentenced quickly in New York, on February 22.

Then the U.S. Marshals would transport him to Texas to be prepped for trial. Defense counsel asked for the January 11 court transcript to be sealed, but Inner City Press was present and reports. It will voluntarily leave out certain details.

   The defendant's name is Olufemi Nathaniel Itiowe. He appeared on January 11 with two Marshals and a unique hairstyle. U.S. District Court for the Southern District of New York Judge John G. Koeltl, in the four-defendant SDNY case, held the sentencing.

  It was proceeding normally - the plea deal is for 24 to 30 months, the defendant allocuted to ordering check books for accounts not his own - when the issue of sentencing date came up.

 Defense counsel said, let's seal the transcript, he is a cooperator in Texas and the Marshals take too long to transport him back and forth.

  (On information and belief this is because transport is through Oklahoma, which some call diesel therapy). 

  Defense counsel said the prosecutors in the WDTX want to prep his client in late March.

A cursory search finds a case in that district against him, 21-cr-224.

On February 22, Inner City Press followed up and went to the sentencing. Defense counsel was saying that identifying his client as a cooperator in Texas was unfortunate - then stopped.

  Inner City Press' presence was noted. When asked, identification was offered: I am a reporter.

  The lawyers, then the defendant, went forward to speak at the sidebar with the white noise turned out loud. When they returned, the defense lawyer wouldn't even say what sentence he was asking for. The prosecutor said the guideline was 21 to 27 months - different from the 24 to 30 month in the plea agreement read out in January. Judge Koeltl imposed a sentence of 20 months, very close to time served. Defense counsel said he will check into the transfer to Texas to testify and "put something on the docket." Watch this site.

  The SDNY case is US v. Coombs, et al., 21-cr-336 (Koeltl) 


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