| Larmore Guilty of WeWork
Stock Fraud After Yacht Trip Now
Bail for Appeal Is Denied
by
Matthew Russell Lee, Patreon Book
Substack
SDNY
COURTHOUSE,
May 7 – Seven months ago,
Manhattan Federal prosecutors
unsealed an Indictment
charging JONATHAN MOYNAHAN
LARMORE with tender offer
fraud and securities fraud in
connection with LARMORE’s
announcement of a fake tender
offer to manipulate the stock
price of WeWork,
Inc.
They said
LARMORE is alleged to have
announced a false $77 million
tender offer for WeWork stock,
news of which immediately led
investors to buy WeWork stock
at fraudulently inflated
prices during after-hours
trading, in an effort to drive
up the value of his WeWork
call options and
shares. On October
16, with the trial on before
U.S. District Court for the
Southern District of New York
Judge Paul A. Engelmayer Inner
City Press live tweeted to the
end of the trial day
More here
on X for Subscribers and on
Substack here
On October 17,
testimony turned to the yacht
off Florida (and then to
bankers). From the thread
On October 21,
the closing arguments. Inner
City Press covered them. Thread
On the morning of
October 22, Larmore was found
guilty of both counts. Thread
On May 2 the US
Attorney's Office filed a 39
page memo opposing Larmore's
request for bail pending
appeal.
On May 7 Judge
Engelmayer denied the motion:
"the Court holds, Larmore has
not identified a close
question of law or fact that
"very well could be decided
the other way." Randell, 761
F.2d at 25. The Court
accordingly denies his motion
for bail pending appeal.
(Signed by Judge Paul A.
Engelmayer on 5/7/2025)
More on Substack
here.
The case is USA
v. Larmore, 1:24-cr-140
(Engelmayer)
***
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