Thread by @innercitypress

OK - in insider trading case US v. Ladivas, cooperating witness is testifying about info he got on 4-7 deals from #GoldmanSachs' Bryan Cohen, whose guilty plea yesterday morning Inner City Press first reported from SDNY Mag Court - thread patreon.com/posts/32949271

Now cooperator Marc Demane is being cross examined.
Q: You only met Mr. Lavidas once, in 2011, correct?
Demane: Correct.
Q: And you never spoke with him about insider trading?
Demane: No.
Q: No you did not speak, or no, you spoke?
Demane: I did not speak.

Q: You spoke about the sale of generic drugs to the Nigerian government, I mean the Algerian government, do you not?
Demane: I did.
Q: And this highlighted portion asks, Let me know if you have any interest?
Demane: It does.

Q: You wrote in March, "Do you have any interest, Telemaque?" and he wrote back "We don't have any interest, it's too late," correct?
Demane: Correct.
Q: You were extradited from Syria, I mean Serbia, on May 9, 2019, correct?
Demane: Correct.

Q: On the flight, you told the agents that the number of people involved in insider trading was huge, including reporters & traders, correct?
Demane: Yes.
Q: And you have met with prosecutors and FBI agents at least 19 times to get a more lenient sentence?
A: Yes.

[Programming note: Trump beginning to speak from DC about Iran, 29 minutes late - separate thread starting and this one temporarily intermittent - story later]
Q: You said you made $70 million, correct?
Demane: Yes

Q: So the US Attorney's Office wrote a letter to the Serbian embassy on December 30, 2019, is that correct?
Demane: Yes sir.
Q: The indictment against you has 38 counts and you pled guilty to all of them?
Demane: Yes sir.

Q: Let me ask you about the journalists to whom you leaked information, after you'd taken a position in it - and you would make money, correct?
Demane: Yes.

Q: There were journalists in Bloomberg you leaked information to, correct?
Demane: Correct.

[Later, after

https://twitter.com/innercitypress/status/1214956949923651587

]
Q: So you would pay your sources in cash, correct?
Demane: Yes sir.
Q: You would have them generate a false invoice?
Demane: Yes.

Demase: I was a Lebanese resident and they were Israeli, and there is no contact--
Q: So it had 2 purposes, to permit money transfer between Israel & Lebanon.
Demase: Correct.
Q: You hired Tarek to pick up money for you?
Demase: It was Court Consulting that did it

Q: I'm going to ask you some questions about your use of burner phones. You always asked your sources to use them?
Demase: Yes.
Q: And with George Nikas?
Demase: We used Viber.

Q: So when you met sources, you turned off your cell phone so you couldn't be tracked by cell site information?
Demase: Not all the time, but yes.
Q: You had a safe in your house with cash?
Demase: Yes I was keeping some cash in the house.

Redirect --
AUSA: Was the information you got about Ariad, was it unique?
Demane: It was a different kind of source.
AUSA: You were asked about your cooperation agreement... Does the outcome of this trial impact your agreement?
Demane: No it doesn't.

Q: You agreed to forfeit $48 million.. who decided?
Demane: The judge.
AUSA: Are you afraid for your children?
Demane: Yes. Because I'm testifying.
AUSA: How much jail time do you face?
Demane: 750 years [!]

And with that, Demane is led back into the cell block. The government offers into evidence exhibits mentioned during his testimony.

But will US Attorney's office make exhibits publicly available, through Press? Or withhold as on #OneCoin?
FOIA has been filed...

Back on US v Lavidas trial. Nikas' trades being shown to jury on screen, another gov't exhibit Inner City Press has asked for access to; as on #OneCoin, no response. Sunlight streaming into courtroom. Judge Cote calling a break. Thread will continue