Exclusive: Man Charged in Crypto Fraud Appears in SDNY in T-shirt and Is Released on $1 Million Bond - extra info on son's case here

by Matthew Russell Lee, Patreon Book Substack

SDNY Exclusive, July 5 –    A man charged with financial and cryptocurrency fraud, whose son as already pleaded guilty, was arrested and presented on July 5 before U.S. District Court for the Southern District of New York Magistrate Judge Jennifer E. Willis. Inner City Press was there, the only media in the courtroom. Thread:

OK - now at bail hearing in US v Eugene Austin, charged with wire fraud, money laundering and interstate transport of stolen goods.

 US Attorney's Office proposes release on $1 million bond, secured by $100,000 - today-  and "no new cryptocurrency accounts."

CJA defense lawyer says release today, meet conditions later 

AUSA: He and his son victimized 20 people for over $10 million, offering crypto through other family members' bank accounts. He has a history of mental health issues and oxy use, living a nomadic lifestyle 

AUSA: He serially opened free 1 month gym memberships in variations of his name. 

Defense: He has A.D.D. and used fentanyl only once, by mistake, in 2021. He is not affluent - look, he is here in short and a T-shirt.

Judge Willis has returned to the bench and notes that defendant didn't flee after son's plea. He is being released tonight, with no GPS yet, with 2 days to come up with a co-signer. 

More below the fold / paywall line, including on the son’s case