Avenatti in Nike case is before SDNY Judge Gardephe, he's asked to dismiss the case citing selective prosecution, etc. His lawyer now whispering with AUSA Richenthal who prosecuted Patrick Ho (and Ng Lap Seng) for UN bribery - @SDNYLIVE thread
@sdnylive@MatthewLeeICP@darrenrovell@DanWetzel@PeteThamel AUSA complains that the government has not received any reciprocal discovery from Avenatti. Courtroom gallery less than half full. Avenatti's stock is going down, it seems - as least as gauged by media interest
@sdnylive@MatthewLeeICP@darrenrovell@DanWetzel@PeteThamel Avenatti wants to know what Judge Gardephe's position is on ex parte subpoenas. Says he doesn't want to reveal his trial strategy here. Predicts "significant motions in limine practice here," and litigation about Fifth Amendment privilege
@sdnylive@MatthewLeeICP@darrenrovell@DanWetzel@PeteThamel Avenatti's lawyer Scott Srebnick says to prove that Coach Franklin had a claim against Nike that Avenatti was legitimately pursuing, he's going to subpoena people. So he wants Avenatti's trial pushed back
@sdnylive@MatthewLeeICP@darrenrovell@DanWetzel@PeteThamel Avenatti's lawyer Srebnick is asking to put things back two months to January. Adds that since AUSA Richenthal has a trial - which one? - starting January 21, maybe Avenatti's trial should be pushed even further back.
@sdnylive@MatthewLeeICP@darrenrovell@DanWetzel@PeteThamel Judge Gardephe asks Avenatti's lawyer to "tee up the subpoena issues sooner rather than later." Says, "As to the assertion of the Fifth Amendment in front of the jury, that would be a first for me, you have an uphill battle" to convince me.
@sdnylive@MatthewLeeICP@darrenrovell@DanWetzel@PeteThamel US Attorney's office calls Avenatti's arguments "speculative." Judge Gardephe is asking for Team Avenatti's letter on this in a week, the government's in two weeks. Srebnick still punching, wants to file ex parte with Gardephe with trial strategy in them.
Cross of SDNY witness Sebade
Defense lawyer Trefz: This message, is it from Anton's Twitter account?
SDNY's Sebade: I don't know what his handle is.
Trefz: But it is not "Spenser Basma" or LTRD?
Sebade: Not that I heard.
Trefz: And Extraquisite?
Sebate: Neither
Re-direct
AUSA: What is this?
Sebade: Google search history, given by Google.
AUSA: 26,000 pages of search history from Anton Peraire-Bueno, but -
Defense: Objection. Outside the scope.
AUSA: I'm asking about the stipulation.
Judge: Overruled
AUSA: Were you asked why James Peraire-Bueno had only 485 pages of Search history?
Sebade: No
AUSA: Do you know Kucoin?
Sebade: A crypto exchange.
AUSA: Do you know what it means to have "absolutely no KYC"?
Sebade: I can infer
All rise!
SDNY witness Sankar [also in Diddy trial] still on stand.
Defense: You will admit that your Office's extractions from the defendants' devices didn't take all the files?
Sankar: Yes.
Defense: GX 6012 is a demonstrative, compiling notifications
Objection!
Sidebar. Now:
Defense: So these are taken from the 10,000 files from each of these phones?
Sankar: Yes.
Defense: Sometimes you can't find the date?
AUSA: Objection!
Defense: Now, Google searches - you were given exhibits and compared to Google's subpoena return
All rise!
Judge: You may proceed.
James' lawyer Trefz: Did the Omakase strategy involve shit-coins?
Chen: Not our own shit token. They were previously existing shit tokens.
James' lawyer Trefz: Why did James suggest putting the crypto on a platform?
Chen: For tax purposes.
AUSA: Hearsay, we'd like a limiting instruction.
Judge: OK. Jurors, you should not consider these for the truth of what is said, but its effect
[Before jury is brought it]
Defense: We are allowed to get into other trading strategies to counter sandwich bots - we understand the danger of a mini-trial on Salmonella, but now it's been brought up.
AUSA: That no one was prosecuted for that should not come in
Defense: Chin in his 3500 with the US, he wasn't saying, we should we could get away with this bad things because Salmonella did - he was saying, we didn't do anything wrong, it was just the culture at the time
AUSA Kudla: Mr. Chen, where is the bait shown right now?
Chen: It's there in the MEV pool. We send eight bait transactions.
AUSA: How did you know it would be successful?
Chen: We had formed testing in the months leading up to Omakase
Defense: Mr. Miller, let's discuss some of the assumptions. Validators have to trust the relays, right?
Miller: Yes
Defense: The process you described, it is necessary because no one trusts the validator, right?
AUSA: Objection!
Overrule
Miller: We minimize trust
Defense: Crypto economics breaks down at the limit, right?
AUSA: Objection!
Overruled.
Miller: What do you mean by breaks down?
AUSA: Let me read to you
AUSA: Objection to reading for a document not in evidence