After Celsius Mashinsky Arrested SDNY Agrees to Bail Secured by First Republic Account

More details here below the fold / paywall line - question of Sherry-Netherland fire, Avi flight risk

by Matthew Russell Lee, Patreon Book Substack

SDNY COURTHOUSE, July 13 – After Alexander Mashinsky of Celsius was arrested on July 13, US Attorney Damian Williams held a press conference.

Inner City Press asked him to explain his office's thinking in agreeing to release on bail for Sam Bankman-Fried and Shakeeb Ahmed, for example, but demanding and obtaining the ongoing pre-trial detention of Avi Eisenberg and Miles Guo.  

 US Attorney Williams responded that every case is different. Inner City Press asked if his office would in the afternoon be seeking the detention of, or agreeing to release, Mashinsky. He declined to say either way, saying you will soon see.

(Inner City Press ran to the Magistrates Court, but found the Assistant US Attorney there agreeing to release, with location monitoring, Charlie Javice's Frank co-defendant Olivier Amar).

At 2:45 pm the arraignment began, followed the the SDNY AUSAs' deal that Mashinsky would be released right after on bond. Inner City Press was there, thread:

Mashinsky is brought out by 2 US Marshals. He's in a grey polo shirt and has two defense lawyers. One goes over and whispers with AUSAs - one of whom then asks if there'll be a court reporter.

 All rise!

Magistrate Judge Ona T. Wang: Mr Mashinsky, can you speak English? Mashinsky: Yes. Judge: How do you plead, to the 7 counts? Mashinsky's lawyer: Not guilty.

Assistant US Attorney: We have a joint proposal for bail: $40 million personal recognizance bond secured by Manhattan residence and brokerage account at First Republic. Less of a flight risk than Avi Eisenberg? Guo?

AUSA: Defendant would have a week to perfect the lien against the residence and the First Republic account. His wife would have until the end of the day tomorrow to sign. Note: Some said she would be here in the courtroom (like Curtis White's). But she is not.

Next is July 25 at 11 am.

More below the fold / paywall line here