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Aug 23, 2019 17 tweets 27 min read Read on X
Trump v House Financial Services Committee oral argument has started in the Second Circuit Court of Appeals. Patrick Strawbridge for Trump says he is being targeted because he's President - @SDNYLIVE thread
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Trump's lawyer Strawbridge snarks that the Department of Justice knows a little bit about criminal law. The panel are Circuit Judges Jon O. Newman, Peter W. Hall and Debra Ann Livingston (who is looking down, taking notes)
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Judge Livingston cites investigating money laundering, in order to amend the laws. Strawbridge asks why does this require debt card info about the President's children. Judge Livingston switches to the Intelligence Cmttee subpoenas
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Strawbridge is out of time, asks for more. He's told "we're going to be somewhat loose with the clock;" also for lawyer for Housing Financial Services Committee. It's SDNY District Judge Ramos' order that's being appealed. At 10:45 he had a case about... Old Navy
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Trump's lawyer Strawbridge quotes Maxine Waters saying she wants to find out where the President's money comes from and expose it. Urges 2d Circuit to follow DC Circuit decision in AT&T (a wiretap case)
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC He goes there: Trump's lawyer Strawbridge brings up Fusion GPS, then says he is not authorized to negotiate here at the podium. Plays the reasonableness card, emphasizing Team Trump offered to negotiate before the Preliminary Injunction hearing before Judge Ramos
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Peaking, Trump's lawyer Strawbridge says that his "friends on the other side" are essentially arguing that Congress can make anyone a case study, demand all information, and the courts can do nothing about it
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Strawbridge says the (majority in the) House Financial Services Committee has as its goal "distracting" the President. He's now 14 minutes over his time.
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Trump's lawyer Strawbridge says the House Resolution 507 is irrelevant, an after the fact rationalization of the subpoenas. Now into the weeds of the RFPA, 750 page attachment to the an amendment that was not enacted applying it to Congress.
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC As Trump's lawyer Strawbridge finished, getting 3 minutes for rebuttal later, two silent protesters stood up in the back of the 2d Circuit courtroom with printed signs which went down too quickly to be read, at least by Inner City Press (check others)
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC House General Counsel says that no bank would touch Trump other than Deutsche Bank has been "widely reported in the responsible press." Kind of a genteel reversed way to say #FakeNews
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Inner City Press just asked, "Are you the woman who held up the sign?" Yes. What did it say? She: that "Deutsche Bank Should Be Allowed To Respond To The Subpoena."

As a slogan, needs a bit of work. And too long for an acronym
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Judge Newman has a hypothetical: if Deutsche Bank held a check used to pay for a person's medical care, would they have to show it in response to a Congressional subpoena? Doug Letter says Congress might not pursue it if it were a "gardener."
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Douglas Letter says exceptions could be made if Trump acknowledged the validity of the subpoena and makes to exclude a small percentage not about funding by Russian oligarchs. Judge Newman asks if Letter would be OK with the 2d Cir imposing exclusions
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Judge Newman asks if Congress would make the records public if it gets them from the banks. Letter says, well we are the Congress of the US. Seems to mean, Yes.
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC A programming note: batteries are running down (they're not in good shape even when fully charged). The rest may need to wait for the post-argument story on InnerCityPress.com and patreon.com/MatthewRussell…
@sdnylive @MatthewLeeICP @Grantfaulkner4 @topsecretk9 @AdamShawNY @kristina_wong @SaraCarterDC Judges Newman and Hall direct Deutsche Bank and Capital One to file a letter in 48 hours, under seal, answering whether they have Trump's tax returns and would give them up in response to subpoena. Story (very) soon

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More from @innercitypress

Oct 24
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
Read 20 tweets
Oct 23
OK - back in Crypto Bros trial US v Peraire-Bueno Day 8, cross of SDNY witness. Savannah Tech Yakira due in today. Inner City Press is covering the case matthewrussellleeicp.substack.com/p/extra-more-o… New doc patreon.com/posts/crypto-b… toward a book and will live tweet, thread below Image
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
Read 17 tweets
Oct 22
OK - back in Crypto Bros trial US v Peraire-Bueno Day 7, continued cross of co-worker Travis Chin. Inner City Press is covering the case matthewrussellleeicp.substack.com/p/crypto-bros-… New doc patreon.com/posts/crypto-b… toward a book and will live tweet, thread below Image
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
Read 30 tweets
Oct 21
OK - back in Crypto Bros Trial US v Peraire-Bueno, Salmonella exclusion fight for cross of co-worker Travis Chin on direct. Inner City Press is covering the case matthewrussellleeicp.substack.com/p/extra-in-tri… Docs patreon.com/posts/crypto-b… toward a book and will live tweet, thread below Image
[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
Read 20 tweets
Oct 20
OK - back in Crypto Bros Trial US v Peraire-Bueno, now co-worker Travis Chin on direct, with non-prosecution agreement. Inner City Press is covering the case matthewrussellleeicp.substack.com/p/crypto-bros-… Docs patreon.com/posts/crypto-b… toward a book and will live tweet, thread below Image
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
Read 13 tweets
Oct 17
OK - back in Crypto Bros Trial US v Peraire-Bueno, Flash Bots' Miller still under cross-examination about April 2023 "incident." Inner City Press is cover the case matthewrussellleeicp.substack.com/p/extra-on-tak… Docs patreon.com/posts/crypto-b… toward a book and will live tweet, thread below Crypto bros Anton and James Peraire-Bueno at trial, Day 2 court art courtesy to Inner City Press (toward a book on the case) art by Elizabeth Williams, h/t
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
Read 19 tweets

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