Inner City
        Press' Bank Beat Reporter

  

     Welcome to Inner City Press’ Bank Beat.  We aim to scrutinize the industry, from high to low. Our other Reporters cover Community Reinvestment, the Federal Reserve, and other beats.   ICP has published a (double) book about the Bank Beat-relevant topic of predatory lending - click here for sample chapters, an interactive map, and ordering information. The Washington Post of March 15, 2004, calls Predatory Bender: America in the Aughts "the first novel about predatory lending;" the London Times of April 15, 2004, "A Novel Approach," said it "has a cast of colorful characters." See also, "City Lit: Roman a Klepto [Review of 'Predatory Bender']," by Matt Pacenza, City Limits, Sept.-Oct. 2004. The Pittsburgh City Paper says the 100-page afterword makes the "indispensable point that predatory lending is now being aggressively exported to the rest of the globe." Click here for that review; click here to Search This Site. Click here for Inner City Press' weekday news reports, from the United Nations and elsewhere, which include bank-related topics.

Click here for Inner City Press' weekday news reports, from the United Nations and elsewhere. Click here for a recent BBC piece on Inner City Press' reporting from the United Nations. New: Follow us on TWITTER   BloggingHeads.tv  Click for March 1, 2011 BloggingHeads.tv re Libya, Sri Lanka, UN Corruption by Inner City Press.  Until next time, for or with more information, contact us.

February 24, 2020

RBC Planning Bank Only For the Richest Highlights Community Reinvestment Act Fight

By Matthew Russell Lee, Patreon
BBC - Guardian UK - Honduras - CJR - PFT

SOUTH BRONX, Feb 22 – Royal Bank of Canada has said openly it plans a new bank in the United States only for the most affluent. This steps right in the middle of a bank deregulatory move by U.S. Comptroller of the Current Joseph Otting, and comes after Fair Finance Watch and Inner City Press documented already disparate lending by RBC and its apparently not-enough Los Angeles-based prey, City National, here and here in the LA Times.

  Royal Bank of Canada plans to open a consumer bank in the United States early next year targeting wealthy clients, with the aim of expanding deposits, its chief financial officer said on February 21. “We want to broaden the product and service offering that we have (in the U.S.), similar to what we have in Canada,” CFO Rod Bolger said. RBC’s consumer bank would initially focus on high-net-worth clients in U.S. but eventually target the 'mass affluent' as well, he said.  RBC’s U.S. business, including City National bank, which it acquired in 2015, accounts for 23% of total revenue.

   This comes alongside the proposed Morgan Stanley acquisition of E-Trade, whose E-Trade Bank was almost shielded from the Community Reinvestment Act by Otting. Fair Finance Watch and Inner City Press will be raising the issues.

February 17, 2020

On Crypto IMF Tells Inner City Press It Did Not Suggest Any Digital Currency to ECCU

By Matthew Russell Lee, Patreon
BBC - Decrypt - LightRead - Honduras - Source

SDNY COURTHOUSE, Feb 13 – Before the International Monetary Fund's February 13 embargoed briefing, Inner City Press asked the IMF to confirm or deny something in the crypto-currency media, that "IMF ADVISES EASTERN CARIBBEAN STATES TO TRIAL DIGITAL CURRENCY."

Inner City Press covers not only the IMF but also all things crypto in the U.S. District Court for the Southern District of New York, for example SEC v. Telegram and the prosecution of Virgil Griffith formerly of Ethereum.   Inner City Press asked the IMF, "It is reported that to the Eastern Caribbean Currency Union, the IMF suggests to experiment with a common digital currency, on a blockchain. Can you elaborate?"  

 While IMF spokesperson Gerry Rice during the briefing answered Inner City Press' Somalia and Egypt questions, it was afterward that this answer arrived by e-mail, "attributable to Gerry Rice, IMF Spokesman and Director of Communications:    

'The IMF did not suggest to experiment with a common digital currency. In March 2019, the Eastern Caribbean Central Bank (ECCB) launched a central bank digital currency pilot project, using blockchain technology, on its own initiative.

  As noted in the IMF Concluding Statement of the 2019 discussion on the common policies of the Eastern Caribbean Currency Union (ECCU) member countries, the digital currency could expose the ECCB and the financial system to various risks, including for financial intermediation, financial integrity, and cybersecurity. Given these risks of the digital currency, the IMF stressed that the ongoing pilot project should proceed cautiously.”   

So there. (A OneCoin / Bulgaria question remains outstanding). We appreciate the IMF's answer. Watch this site, for IMF news and... all things crypto, good, bad and ugly.

Manafort Lender Steven Calk Cannot Move Trial to Chicago SDNY Judge Schofield Rules

By Matthew Russell Lee, Exclusive Patreon
Honduras - The Source - The Root - etc

SDNY COURTHOUSE, Feb 14 – Steven M. Calk of FDIC-regulated Federal Savings Bank was presented and arraigned on May 23 in the U.S. District Court for the Southern District of New York for financial institution bribery for corruptly using his position with FSB to issue $16 million in high-risk loans to Paul Manafort in a bid to obtain a senior position with the Trump administration, namely Undersecretary of the Army.

  On Friday, November 8 Calk filed a motion to move the case to his hometown of Chicago, arguing in part that his "business" there will be disrupted if the case is not transferred. He says he "remains an owner of TFSB." But as Inner City Press noted on November 8, he ignores the New York connections of his Manafort loans.

 Now on February 12, Calk's motion to move the case has been denied: "OPINION AND ORDER as to Stephen M. Calk: As the location of the Defendant is the only factor that weighs in favor of transfer, and that factor is not dispositive, Platt, 376 U.S. at 24546; accord Parrilla, 2014 WL 1621487, at *14, Defendant's motion for transfer is DENIED.The Clerk of Court is respectfully directed to close the motion at Docket No. 33. (Signed by Judge Lorna G. Schofield on 2/12/2020)."  Inner City Press will continue to follow this case.

  An August 26 filing in the case says that the SDNY prosecutors have as discovering "produced in excess of 1.2 million pages to date, the majority of which were from files of this Office" - in New York.

 Perhaps in response the SDNY prosecutors will more directly link Calk's case to wider Trump inquiries? Inner City Press, which has followed this case and the weak regulation of for example of Comptroller of the Currency Joseph Otting, will continue on this case. Watch this site.

February 10, 2020

In OneCoin Case Now David Pike Charged With Bank Fraud For Scrubbing Ruja Ignatova Name

By Matthew Russell Lee, Patreon
BBC - Decrypt - LightRead - Honduras - Source

SDNY COURTHOUSE, Feb 7 – David Pike was repeatedly mentioned during the November 2019 trial which culminated in a jury convicting Mark Scott of money laundering for OneCoin, before U.S. District Court for the Southern District of New York Judge Edgardo Ramos.  

  But Pike did not appear in the trial as a cooperating witness, as did OneCoin's now disappeared founder Ruja Ignatova's brother Konstantin Ignatov. See Inner City Press' first coverage here, and pick-ups here and here (BBC). Pike was not a defendant, or even in the same indictment as Scott and the OneCoin siblings.  

 Now on February 7 there's been the filing of a superseding indictment against Pike, after his waiver of indictment. Pike is indicted for Conspiracy to Commit Bank Fraud, with a quote from his email about "scrubbing" Ruja Ignatova from documents. More on Patreon here.

Inner City Press has requested more information from the US Attorney's office - watch this site.

February 3, 2020

On Luanda Leaks Inner City Press Asked IMF Which Says 3 Year Program Includes Fighting Corruption

By Matthew Russell Lee, CJR PFT NY Post

NEW YORK CITY, Dec 19 – When the International Monetary Fund held its biweekly embargoed media briefing on November 7, Inner City Press submitted questions including on Equatorial Guinea, see below.

On January 30, Inner City Press in connection with thee 9:30 am embargoed briefing submitted questions about Luanda Leaks, Cameroon and some other topics. On Luanda Leaks, Inner City Press asked, " On Luanda Leaks, what have been the IMF's findings and actions given the evidence that has come out in the growing scandal?" This was emailed before 11 am:

    Luanda leaks     We do not comment on ongoing criminal investigations, trials and leaked documents.     Angola has a three-year EFF program with the IMF. As in other IMF programs, the fight against corruption is an important part of the program with Angola. This involves, inter alia, the strengthening of relevant legislation, such as working on an enhanced AML/CFT law, and other laws promoting stronger governance in public institutions. The effort also involves increased public transparency, for instance the timely publication of certified annual accounts by state-owned enterprises and increased use of the government’s electronic platform for procurement.   

Cameroon     The Executive Board has completed the fifth review of the arrangement under the Extended Credit Facility for Cameroon on January 22. For more details I would kindly suggest to consult our press release here

On November 7 Inner City Press asked: "On Equatorial Guinea, what is the status (and dollar volume) of the IMF's consideration of a program, and the weighing if at all on the length of time Obiang has been in power? "The loan, the amount of which has not been revealed, is scheduled to be considered by the IMF executive board in December."

 From the IMF's November 7 transcript, with video on page: "There's another question from Matthew, which I'll take on Equatorial Guinea, asking what's the status and the volume of the IMF's consideration of a program for Equatorial Guinea and the weighing, if at all, length of time that President Obiang has been in power. On that, I can say that just recently on October 21st, the Equatorial Guinea authorities and an IMF team reached staff level agreement on a three-year arrangement. Again, under the extended Fund facility, which is the more concessional arm of the IMF's lending. The authorities are working on an agreed set of measures that could allow the new program to be considered by the IMF's Executive Board in December. And Matthew had asked about the volume. We're looking at the program that could be supported by approximately $280 million. So, that's four [sic] Equatorial Guinea.  And anything else in the room?"

On September 26 Spokesperson already then Gerry Rice,  for new Managing Director Kristalina Georgieva, on Turkey said "this is also from Matthew, he has asked ' On Turkey, what is the IMF's response to ruling AKP deputy chair Numan Kurtulmuş criticizing a meeting between IMF & opposition parties, saying Turkey has "closed the topic with the IMF."'

  Then Rice said it is normal to meet with opposition - except in Cameroon, apparently - and that there has been no indication from the Turkish authorities they are looking for a program.

  On September 12 Inner City Press asked the IMF: "On Zimbabwe, please confirm or deny IMF's Patrick Imam saying that "it is clear, compared to the projections of the original SMP, which did not foresee the severity of the drought and its secondary impact, nor the electricity shock, that growth is almost certainly going to be revised downwards and inflation upwards compared to the original SMP forecasts." And what is the IMF's view of the (economic) impact of the crack down on protest and human rights defenders?"

  Spokesperson Gerry Rice said that the IMF team is in Harare, from September 5 to 17. On human rights, he said the IMF "focuses on economics" and that such questions should be directed to... bilateral creditor. At least he didn't say the UN, which under Guterres doesn't care.

More here.

January 27, 2020

Amid Credit Suisse Denial in Mozambique Scandal Corrupt Roles of UNSG Guterres

By Matthew Russell Lee, CJR PFT CEFC Video

FEDERAL COURTHOUSE, Dec 2 – As international bribery scandals particularly in Portuguese speaking countries involving UN Secretary General Antonio Guterres and his family expand but are not acted on by US prosecutors, apparently due to immunity, their EDNY case against Jean Boustani regarding Mozambique resulted on December 2 in not guilty verdicts.

  Amid Guterres' cover-up of his role in Lisbon based Gulbenkian Foundation's attempted sale of its Partex Oil and Gas' operations in Angola and elsewhere, there's been this other case in Federal Court in New York City, this time in Brooklyn, with another UN bribery echo. Here's the (redacted) indictment. On December 2 an EDNY jury acquitted Boustani of three counts: conspiracy to commit securities fraud, wire fraud conspiracy and conspiracy to commit money laundering.   Boustani testified and admitted to making payments to officials in Mozambique but denied that he defrauded investors.  Credit Suisse's Global Financing Group's Andrew Pearse, Detelina Subeva and Surjan Singh pled guilty; Pearse and Singh testified for the prosecution at Boustani's trial.  Three former officials of Mozambique, including ex-Finance Minister Manuel Chang, are also charged in the case, as is Privinvest's chief financial officer, Najib Allam, but they have not made U.S. court appearances. Chang has been detained in South Africa pending possible extradition to the U.S.  The government was represented by Hiral D. Mehta and Mark E. Bini of the US Attorney's Office for the Eastern District of New York, Sean W. O'Donnell and Margaret Moeser of DOJ's Money Laundering and Asset Recovery Section as well as David M. Fuhr and Katherine Nielsen of DOJ's Fraud Section.  Boustani was represented by Randall Jackson, Michael S. Schachter, Casey E. Donnelly and Philip F. DiSanto of Willkie Farr & Gallagher LLP and Daniel Gitner of Lankler Siffert & Wohl LLP.  The case is US v. Boustani et al., 18-cr-00681 (Kuntz).

  Now Credit Suisse has claimed that the loan of 622 million US dollars that it extended in 2013 to the fraudulent Mozambican company Proindicus is legitimate, and the Mozambican government must pay up for defaulting on the loan.  Credit Suisse was replying this week in a London court to the case made by the government that the loan was illegal, and that it is Credit Suisse that should reimburse Mozambique, and not the other way round.  According to a report by the Portuguese news agency Lusa, Credit Suisse argues that the Mozambican government guarantee for the Proindicus loan is binding, and that the bank is entitled to the payment of damages.

 What Lusa does not report is Antonio Guterres' links not only to UN briber CEFC China Energy, but the money he took from Angola's dos Santos family to get / buy the UNSG position. We'll have more on this.

January 20, 2020

In SDNY Judge Cave Declines To Stay Millennium Discovery Against Citi BOM Chase and Truist

By Matthew Russell Lee, Patreon
BBC - Decrypt - LightRead - Honduras - Source

SDNY COURTHOUSE, Jan 15 – When Millennium Laboratories, one of the largest urine testing companies in the US, declared bankruptcy in 2015, it spawned litigation that gave rise in the U.S. District Court for the Southern District of New York to a January 10 teleconference before and January 15 order by SDNY Magistrate Judge Sarah L. Cave. 

 The plaintiff, Marc S. Kirschner as trustee of the post-bankruptcy litigation trust, was opposing the bank defendants' request to essentially stay discovery in the proceeding. Kirschner argued that he needs access to documents in order to keep up with the discovery that is going forward in a related Delaware case.

   The banks being sued include JP Morgan Chase, Citigroup, Bank of Montreal and SunTrust, now known as Truist since it merged with BB&T.

    During the January 10 teleconference, which Inner City Press covered with the permission of the Court, the banks' lawyers argued that it is a threshold legal issue whether the syndicated leveraged loan at issue is a security, an issue that should be determined before discovery proceeds.

   But on January 15, Magistrate Judge Cave found "that is a threshold  question only with respect to the state securities law claims... Plaintiff has asserted five other common law causes of action for which that question is not necessarily  determinative."

 Therefore Judge Cave ruled that "a further stay of discovery is not  warranted, and that discovery should continue, as it has been, in coordination with the Delaware  Action.  Accordingly, this action having been referred to this Court for general pretrial  supervision, a case management conference will be held on Tuesday, February 25."

    Inner City Press will continue to follow this case. it is Kirschner v. JPMorgan Chase Bank, N.A., et al, 17-cv-6334 (Gardephe / Cave).

January 13, 2020

Telegram Said SEC Info Request Covers 12+ Nations Now SEC Cites Redacted Durov Depo

By Matthew Russell Lee, Exclusive Patreon
BBC - Decrypt - LightRead - Honduras - Source

SDNY COURTHOUSE, Jan 10 – In the SEC's case against Telegram and its proposed Gram crypocurrency, Federal Judge P. Kevin Castel held a teleconference on the afternoon of January 6.

    The SEC on January 2 asked Judge Castel to order Telegram to disclose bank records before or during its two day deposition of Telegram founder Pavel Durov January 7-8 in Dubai.

   On the January 6 teleconference, Telegram's counsel, Alex Drylewski of Skadden Arps, argued that producing the bank records will requiring reviewing the privacy rights of financial counterparties in 30 or more jurisdictions. More on Patreon here.

  Now late on January 10, the SEC has responded renewing its request for the records and stating "Telegram does not even mention the names Case 1:19-cv-09439-PKC Document 65 Filed 01/10/20 Page 2 of 5 Hon. P. Kevin Castel January 10, 2020 Page 3 of the foreign countries whose laws might apply, nor does it cite any specific data privacy laws. At his deposition two days ago, Mr. Durov, the CEO of a company holding approximately $1.3 billion of investor assets, similarly claimed [TWO LINES REDACTED] See Ex. A (Excerpts of Dep. of Pavel Durov, dated Jan. 7-8, 2020) at 283:17—284:9. The Court therefore cannot assess the threshold question of which country’s data privacy laws may even apply to Telegram’s handling of the data based on Telegram’s vague submission." Why the redaction? Who's more secret? More on Patreon here.

    Judge Castel on January 6 declined to extend the deadlines in the case but directed Telegram to, by January 9, filed a proposed schedule to disclose or at least review for privacy the requested bank records.

  Now on the evening of January 9, Telegram's law firm Skadden Arps has written that the SEC's requests cover 770 individuals or entities and that since September they have only been able to review 76, finding 12 separately jurisdictions. They want five to seven weeks to do the work. But how would have impact motions and a trial? More on Patreon here.

January 6, 2020

El Chapo Bribee Garcia Luna Detained in EDNY for Money Laundering After SDNY Showed Chapo Funds to JOH and UNSG

By Matthew Russell Lee, Patreon, Thread Video
Honduras - The Source - The Root - etc

EDNY COURTHOUSE, Jan 3 – One of El Chapo's many bribees, former Mexican minister Genaro Garcia Luna, was arraigned and detained on January 3 in Brooklyn in the U.S. District Court for the Eastern District of New York. Inner City Press, which covered the SDNY trial of Tony Hernandez, the brother of Honduras' president Juan Orlando Hernandez whose campaign was shown to be funded by El Chapo, was in Brooklyn for this arraignment and files this report. (Podcast here, Periscopes I, II & III).

   Garcia Luna was brought in from the holding cell, wearing a grey sweatshirt and waving to a handful of supports in the Arraignments Courtroom gallery. He is retaining his own counsel, but there were not able to be present on January 3. Cesar de Castro, whose work Inner City Press has covered in the SDNY, appeared for arraignment only. Judge Peggy Kuo said that if Garcia Luna wants a publicly-funded lawyer going forward, he will have to file a financial affidavit.
 
  That seems unlikely. Assistant US Attorney Erin Reid said Garcia Luna has amassed riches which make him a flight risk. No bond package was presented, so Garcia Luna was detained on consent. His next appearance is on January 21 at 9:45 am before Judge Brian Cogan. Inner City Press will remain on this case - and on that of JOH and UN Antonio Guterres, who has hidden his spending including of El Chapo funds, as well as links to SDNY convicted UN briber CEFC China Energy. Guterres bans and censors the Press to conceal his links: but for immunity, a crime. Or crimes.

  UN Secretary General Antonio Guterres has refused to answer Inner City Press' questions about his meeting(s) with JOH, and about a four person panel he sent to the country to support JOH.

  Inner City Press even before the verdict as the UN Spokespeople Stephane Dujarric and Melissa Fleming in writing, "October 18-1: On Honduras on which you have refused to answer or respond to Inner City Press' as it covers in SDNY the US v Tony Hernandez trial which continues jury deliberations today and has asked you why SG Guterres did not even bring up corruption and drug trafficking when he met president Juan Orlando Hernandez, 1) please immediately describe activities of the UN system and resident coordinator / representative on JOH's current terms and 2) what now are Guterres' belated comments and actions if any on that last night JOH's National Party majority in the Honduran parliament passed a law making itslef immune, and that Honduran police dispersed hundreds of demonstrators with tear gas on Wednesday in Tegucigalpa who demanded the resignation of President Juan Orlando Hernandez, suspected by the American courts of collaborating with the drug traffickers?"

  No answer all all.

 The trial began with a bang on October 2 with the charge that already life imprisoned El Chapo Guzman gave the defendant $1 million for this brother, the president. On October 7, sworn witness Alex Ardon described the meeting, with both El Chapo and Tony Hernandez present and the cash in plastic bags, see thread and see below.

The trial is before U.S. District Court for the Southern District of New York Judge P. Kevin Castel and Inner City Press is live tweeting it. See also Patreon here

 And here the post arrest statement as so far put in to the jury, as uploaded to YouTube by Inner City Press, here. The case is US v. Diaz Morales, 15-cr-00379 (Castel).

Inner City Press will continue to cover this and other SDNY and 2nd Circuit cases - watch this site, and there is more on Patreon, here.

December 30, 2019

After Virgil Griffith Had Bail Denied Inner City Press Asks UN About Its North Korea Sanctions Violations

By Matthew Russell Lee, Exclusive Patreon
BBC - Guardian UK - Honduras - The Source

SDNY COURTHOUSE, Dec 28 – On North Korea there are not only US but also ostensibly international UN sanctions. But what if the UN itself violates them?

  On December 26 Virgil Griffith who a more ago was arrested on US charges of illegally traveling to North Korea and provide crypto currency advice was denied bail in a U.S. District Court for the Southern District of New York proceeding that Inner City Press exclusively covered, credited here here and here.

  On December 27 Inner City Press submitted written questions to the UN, its long vacationing Secretary General Antonio Guterres and his spokesman Stephane Dujarric including: "On DPRK, what are the comments and action if any of SG Guterres on both the prosecution of Virgil Griffith for attending a crypto-currency conference in Pyongyang in April 2019 and this, by the UN: 'The United Nations Green Climate Fund (GCF) this week approved its first round of funding for a project aimed at helping North Korea deal with climate change, the agency’s website indicated on Thursday.  The program, titled “Readiness and Preparatory Support for Capacity Building of NDA (National Designated Authorities) and establishment of a National Strategy Framework for engagement with GCF in the DPRK,” will be implemented through the UN Food and Agriculture Organization (FAO), to which GCF will be providing the funding.' What steps have these UN bodies take with regard to sanctions on DPRK?"

   The UN, which present itself as in charge of international sanctions regimes like those on North Korea and Iran, through its Security Council set to be taken over on January 1 by Vietnam, did not answer these questions. Elsewhere, the GCF illogically or in bad faith claimed that the mere involvement of UN FAO would mean that sanctions weren't being violated.

  Guterres, who has been on a European junket for weeks and now won't disclose where he is, spending public money, supposedly issued a statement on blockchain "exclusively" to capitalist tool publication Forbes: "'For the United Nations to deliver better on our mandate in the digital age, we need to embrace technologies like blockchain that can help accelerate the achievement of Sustainable Development Goals,' said Guterres in the statement provided exclusively to Forbes."

  So Guterres provides exclusive pablum to capitalist tool Forbes, but bans independent Inner City Press from even entering the UN, and has his spokesman ignored its written questions despite an on camera promise to answer. We'll have more on this - and on the case against Virgil Griffith. More now on December 28 on Patreon here.

  As Inner City Press reported on December 26, the US Attorney's Office cited his text messages to his parents about renouncing his U.S. citizenship and setting up a money laundering business in North Korea.

  In the Magistrates Court of the U.S. District  his parents were present, along with Inner City Press as the only media. They were there since the morning, and watched the other cases Inner City Press reported on.

  Assistant US Attorney Kimberly Ravener told SDNY Magistrate Judge Barbara Moses that Griffith had misled Pre-Trial Services about his residence in Puerto Rico; his lawyer Mr. Buckley first said Griffith owned it, then that he rented.

  Judge Moses asked why he has a residence in Puerto Rico. Buckley said Puerto Rico is a developing area in the crypto space.

  Griffith's request to be released was first stayed by SDNY District Judge Denise Cote, operating a "Part I" judge at the time. Buckley at the conclusion near 5 pm of the bail denial hearing on December 26 said he and a colleague flying in might seek to appeal to the "Part I" District Judge, Vernon Broderick.

   On December 27, Inner City Press repeatedly checked the courtroom of Judge Broderick in 40 Foley Square, and also his temporary courtroom 15A in 500 Pearl Street: nothing. The doors were locked.

Inner City Press will continue to cover this case, as it covered the OneCoin trial. Here is its live-tweet threat of December 26, more on Patreon here

December 23, 2019

Sprint T-Mobile Merger Trial Ends With Flurry of Sealed Exhibits Closing Arguments Jan 15

By Matthew Russell Lee, Patreon

SDNY COURTHOUSE, Dec 20 – The two week trial against the proposed T-Mobile / Sprint merger ended on December 20 before U.S. District Court for the Southern District of New York Judge Victor Marrero. There are papers due January 8, and a final four hour argument on January 15. Inner City Press began what will be a trial-long live-tweet, here. Day 7 Patreon here.

  On December 20 Professor Shapiro testified for the second time how the merger would allow coordination and raise prices. Day's thread here.

  Then a final flurry of exhibits entered into the record, and more agreement by Judge Marrero to file many under seal. The defense team wanted no briefs, but there will be 30-page proposed findings of fact and law on January 8, before the closing arguments on January 15. Watch this site. More on Patreon here.

  On December 17 Charlie Ergen of DISH testified, saying for example that "Sprint is a laggard." Judge Marrero agreed to hear the parties in his robing room, and then and only then decide whether to release a redacted transcript. Some asked, Public interest? Here's some of how it went

OK -  @Tmobile   @Sprint  merger trial Day 7 has started back up on a delay, the T-Mobile tech Kapoor bragging about 5G - but what's the response on higher costs passed on to consumers, per what #Sprint whistleblowers say?

December 16, 2019

In Sprint Trial Legere of T-Mobile Shows Himself As Marrero Cites Flower Children

By Matthew Russell Lee, Patreon

SDNY COURTHOUSE, Dec 13 – After more states lining up against the proposed T-Mobile / Sprint merger, on which a two week trial to begin December 9 before U.S. District Court for the Southern District of New York Judge Victor Marrero. Inner City Press began what will be a trial-long live-tweet, here. Day II morning here. More on Patreon here. Day III here. More D3 on Patreon here. Day IV here. More D4 on Patreon here. Day V here. More on D5 on Patreon here.

  On December 13, T-Mobile's John Legere was cross-examined and let it all hang out, see below. It culminated in Judge Victor Marrero asking him if he could remain a flower child or would instead, post merger, join the boys' club. Legere said never - but his successor Mike Sievert then looked very much the boys' club member. How will it cut with Marrero? Here's some of how it went (more on Patreon here)

Q: This is a transcript of the earnings call in February 2018, do you see that?

Legere: Yes I do.

Q: You said, "Nobody is interest in the wi-fi phone... Charter will be irrelevance squared." You said that?