Thread by @innercitypress

OK - #OneCoin trial continues today @SDNYLIVE with fund manager APAX of Mark Scott's alleged money laundering on the stand. Inner City Press stories: innercitypress.com/sdny19onecoini… & patreon.com/posts/31392230 below, thread

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Judge Ramos says that one of the alternate jurors - we'll leave them unnamed - is in the emergency room. The parties agree she can be excused, the trial will continue. Special AUSA Lozano rattles of exhibits put into evidence. Not online yet

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Special AUSA Lozano: So you raised concerns?
APAX fund manager: Yes, about where the money would be paid to, Fenero.
Lozano: How did Mr. Scott respond to the question, Who controls this bank account?
APAX: He said he did, he said he is Fenero.

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Lozano: Ultimately did APEX make the payment requested by the defendant?
APEX: Yes we did.

Lozano: What did he tell you about where the $30 million was going?
APEX: Just to the bank account of the borrower.

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg The APEX fund manager is testifying about CryptoReal oil deal; Inner City Press research surmises it is related to this one, in Madagascar: steemit.com/onecoin/@oneco…

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Special AUSA Lozano: And who signed this contract?
APEX fund manager: "R. Ignatova."
Lozano: Did you know what OneCoin was at this time?
APEX: No.
Lozano: Did you sent the money?
APEX: Yes.

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Lozano: Did Mr. Scott say he would give the missing information?
APEX fund manager: He said he would endeavor to get it... Later we had to review the accounts of Fenero and of Mr. Scott?
Lozano: Why?
APEX: We didn't have a complete understanding of the relations

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Lozano: What was the name of this Hong Kong investor?
APEX fund manager: Star Merchant Inc.

Lozano: Did Mr. Scott tell you of any relationship between OneCoin and this Mr. Pi?
APEX fund manager: No.

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg APEX fund manager: We wanted to know why Irina Dilkinska has involved on the email chain about this other investor. And it was the first time we saw that Irina Dilkinska had an "at OneCoin.eu" email address.

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg APEX fund manager: So I started researching OneCoin.

SAUSA Lozano: Had you heard of OneCoin before?

APEX: No. But I started looking around, I started reading about Ruja Ignatova

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Lozano: When you returned to the office on Monday what'd you do?
APEX: We had an emergency meeting. By Tuesday we made notifications to law enforcement agencies.
Lozano: Were you restrained?
APEX: We were barred from tipping off the parties to these transactions.

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Lozana: For the sake of time, I'll just ask you to read this exhibit to yourself

[Yesterday Judge Ramos told AUSA Lozano to edit and speed up her direct examination so that Scott's lawyer has a chance to cross examine him before his flight tonight.]

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg APEX fund manager: So then Mark Scott sent us a memo about crypto currency generally, mostly BitCoin, by Robert Courtneidge

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg APEX: The payments, it turned out, were being sent to Fenero Payments 1..
there's talk of using different color pens to sign letters to not make them look so mechanical... and re-printing and re-scanning to make them look different.
Judge Ramos: It's 11 am, break

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg With jury out of room, Scott's lawyer Arlo Devlin-Brown complains that the prosecution has sent 3 hours and 20 minutes with this witness, leaving him only 3 hours to cross examine if it started right after the break.
AUSA Dimase: We have 10 minutes left of direct

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Now Mark Scott's lawyer Arlo Devlin Brown asks APEX fund manager: "Are you familiar with #Brexit?"

This is Scott's defense to charges of money laundering for #OneCoin?

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Arlo: So Mr Scott didn't have any say in whether the transaction went through Bank of New York Mellon, right?
APEX: Right.

[Note: look more closely at BONY Mellon, which'd be sure to say, as Deutsche Bank does on predatory lending, We are just the trustee.]

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Scott's lawyer Arlo is playing a part of Scott's call with APEX' Spendiff in which Scott berates Spendiff for not understanding the industry, & mentions OneCoin.

Soon after, Scott fired APEX which was asking about OneCoin.

But sure how this segment helps Scott.

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Scott's lawyer took his cross-exam right to 2:30 pm, and Judge Ramos started to release the jurors.
Special AUSA Lozano asked for re-direct.
Judge Ramos asked jurors if they'd be willing to stay 5 to 10 minutes, if anyone said no, it would be no.
No one said no.

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Lozano: Let's talk about this email from Mark Scott to David Pike-
Arlo: I think this is beyond the scope.
Judge Ramos: Ms. Lozano, I'll let you ask another question.
Now it's about another email
Arlo: He's not even on the email.
Trial week coming to an end...

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Week's final flurry:
Lozano had APEX Spendiff read an email in it was said Scott had refused to give information about beneficial owners.
Arlo got Spendiff to acknowledge the letter was from Oct 2017, after APEX was fired by Scott. "So you know nothing about this"

@sdnylive @MatthewLeeICP @Svrakata @widell_ari @JamieJBartlett @ezCoinAccess @FinanceWatchOrg Now after jury has left, after Judge Ramos' joke that for the ten minutes of overtime he's giving them Monday off, Arlo complains about the final flurry and Lazano provides an explanation. So who "won" that flurry? Stories will continue patreon.com/posts/31392230