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Extradited from Singapore Stock Fraudster Shamoon Rafiq Gets 57 Months Victim Speaks

by Matthew Russell Lee, Patreon Book Substack

SDNY Exclusive, May 17 – A man convicted of fraud in Google stock in 2004, then hit with a sealed indictment in 2020, was presented on Friday in Federal court in Manhattan after extradition from Singapore. Inner City Press was the only media there; this is an exclusive courtroom story. 

 Shamoon Rafiq is charged with setting up a fake website and "soliciting millions of dollars from investment firms in New York and elsewhere" claiming he had pre-IPO stock.

  US Marshals brought him before U.S. District Court for the Southern District of New York Magistrate Judge Robyn F. Tarnofsky on January 12. She told him he is charged with securities fraud, wire fraud and aggravated identity theft.  

  He was detained on consent, with a control date in February. 

On February 22, he pled guilty, with a sixty month deal: "the guilty plea today of SHAMOON RAFIQ, a/k/a “Shamoon Omer Rafiq,” a/k/a “Omar Rafiq,” a/k/a “Omer Rafiq,” a resident of Singapore, for engaging in a scheme in which RAFIQ solicited millions of dollars of investors’ money by falsely representing that he was offering investments in shares of stock in privately held companies that had not yet conducted an initial public offering (“pre-IPO stock”), even though in fact he did not actually have those shares to offer, by impersonating senior officials of a reputable family office investment firm." Plea agreement on Patreon here.

On May 7, his lawyer wrote in that in light of the harsh conditions of his detention in Singapore, the disadvantages of being a non-citizen inmate in the BOP and some redacted reasons, he should get less then 5 years on May 17.

On May 13, the US Attorney's Office wrote it requesting the Guidelines sentence of 5 years.

On May 17, Inner City Press went to the sentencing. In the hall outside, it spoke with the victim who would later speak in the proceeding. When the time came, he described having to fend off lawsuit and considering suicide.

Judge Marrero sentenced Rafiq to 57 months, adding on a year of supervised release to allow benefits under the First Step Act. Danbury is recommended.

More detail on Substack here.

he case is US v. Rafiq, 24-cr-98 (Marrero / Tarnofsky)


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