The very good criminal has their secret stash of cash that they are either hiding from the government or using for illicit “working capital” purposes. Usually, this cash is held in safes, briefcases or good old fashioned sacks with dollar signs on them.
Which is why it has piqued the interest of many that a Goldman Sachs banker on trial for insider trading somehow was able to stuff his secret stash of $24,000 into a peculiar place: his sunglasses case.
Prosecutors pointed out on Tuesday that the stash was indicative that the banker, Bryan Cohen, could be a flight risk before his trial, according to Bloomberg.
The $24,000 was hidden in a case, which was hidden in a dresser drawer in his closet, prosecutors said. Cohen, who is a French citizen, also has an overseas bank account with more than $533,000 in it and owns four properties in France that are worth over $500,000.
Bail was set by U.S. District Judge William Pauley at $750,000 and Cohen has since been ordered to remain under house arrest with a GPS bracelet until his trial. Cohen is seeking to be removed from house arrest.
Cohen’s lawyer – and former Martin Shkreli lawyer – Benjamin Brafman argued on Monday that his client’s confinement to his one-bedroom apartment that he is sharing with his girlfriend and mother was “detrimental to his physical and mental health”.
Locked in a room with your girlfriend and your mother? We can totally understand that argument.
Brafman also argued that it’s not unusual in other cultures to have large amounts of cash at home, including in France.
Cohen was arrested in October and charged with two counts of conspiracy for his role in an insider trading ring. Prosecutors say he passed information about pending mergers to another member of the ring using burner phones and speaking in code. He has been placed on leave by Goldman Sachs in the interim. Cohen had fired his first lawyer last month after a judge ordered him under house arrest and tripled his bond, which was originally set at $250,000.
Editor, Bankster Crime
MY MISSION IS NOT TO CONVINCE YOU, ONLY TO INFORM YOU…
The Birth Pains Are Growing Stronger….
“Unless God has raised you up for this very thing, you will be worn out by the opposition of man and devils”…
My name is Steve Meyers and I need to share a vision and warning that the Lord showed me back in April 2007….
Many of you will ask why I waited so long to share the warning. I didn’t. I shared the story with everyone that would listen from pastors to friends to family to colleagues. Immediately following the initial vision, I called a close friend. I told him to sit down that I had something to tell him. I needed it documented as I knew this was supernatural and from God. As I witness events unfolding today, I need to share the vision again.
The risk of loss in trading futures and options on futures can be substantial. The author does not guarantee the accuracy of the above information, although it is believed that the sources are reliable and the information accurate. The author assumes no liability or responsibility for direct or indirect, special, consequential or incidental damages or for any other damages relating or arising out of any action taken as a result of any information or advice contained in this commentary. The author disclaims any express or implied liability or responsibility for any action taken, which is solely at the liability and responsibility of the user.
Tagged Under: #Fraud #Banks #Money #Corruption #Bankers,#Powerful Politicians, #Businessmen
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