0xCole.eth🛡️
696 posts

0xCole.eth🛡️
@0xc0le
Crypto @ SVB | Decentralization Maximalist



Judge: He may appeal, he has every incentive to stay and fight. He is not a risk of flight, given the size of the bond. There is a lot of fighting left in this case before sentencing, and I think Mr. Storm will stay for it.

🚨NEW: Some initial confusion over the status of the third count, which the jury could not unanimously decide. But to clarify: @rstormsf has been found guilty on one charge: conspiracy to operate an unlicensed money transmitting business (aka “the 1960 charge”), which, according to Storm’s lawyer Keri Axel, carries a maximum sentence of five years. The jury was hung on the other two counts: money laundering and sanctions violations. Judge Failla denied the government’s motion to remand him to jail, stating: “There is a lot of fighting left in this case before sentencing, and I think Mr. Storm will stay to fight it.” As the government team exited the courtroom, I asked AUSA Rehn for comment. He seemed caught off guard (may not have realized I was press), stammered, and said: “No comment right now, but we will… yeah…” before walking out the door. Storm remained in the courtroom, conferring with his legal team. His emotions are hard to read as he’s remained pretty stoic throughout this whole trial. I’ll try to get a comment from him as well. Back in again…





All rise! Judge: The jury has asked, Did the Gov't have to submit proof of the charges to get indictment? I don't think this is something they should be asking about. I propose to answer, You are not to consider how the US got the indictment






