[U] Next Up? Claims On Marty’s Assets — Tax Liens/Other Forfeitures, By Monday Night, May 21, 2018

UPDATED — from the airport @ 4 PM EDT Monday: The IRS is seeking an additional about $1.7 million it says Marty has owed for years. Condor confidently predicts: the IRS will get its cut, off the top. [End, updated portion.]

I’ll be off-grid for about 10 days starting Monday night, out of cell range — in a mountainous National Park… but this will go down while I’m away — so I’ll post it here on Sunday:

ORDER as to Martin Shkreli.

The Clerk of Court is respectfully directed to permit Stephanie Chernoff, as counsel for the non-party U.S. Department of Treasury, Internal Revenue Service, to appear in this case.

Ordered by Judge Kiyo A. Matsumoto on 5/18/2018….

The reason counsel for the IRS is being granted immediate leave to appear — I strongly suspect — is that tomorrow, May 21 (the deadline date articulated by earlier orders) the IRS is likely to file its claims to Marty’s assets. Again, the IRS claims/judgment liens, like the NY state tax claims/judgment liens, predate the felony convictions, and as such are entitled to priority over the subsequent claimants.

The hearing on these claims will be June 4, 2018 — and I suspect we may see Dr. Koestler, Mr. Painter and perhaps Ms. Costopoulos make claims tomorrow — in addition to the IRS. And as I’ve said repeatedly, I don’t expect the AUSAs will object too strenuously, so long as no part of the released funds may return to Marty’s coffers.

I think the US government’s goal is to see his victims made as whole as possible, his tax debts paid off, and then claw back the rest to the general US treasury pot, in approximately that order.

And, Mr. Brafman seeing the inevitability of all of this — is not taking a position on these hearings.

So we await tomorrow’s filings. If they arrive before late night tomorrow, I will post them as updates — for inspection and analysis here.

Namaste — and to anyone who has watched even a few minutes of the wedding yesterday — even on a delayed basis — that was one fine clear Spring morning, when all the world needed — and got — was… love.

Sublime and wonderful. I wish that we all might (collectively) have more moments like that — and I wish them both fondly heartfelt, life-long… bliss.


16 thoughts on “[U] Next Up? Claims On Marty’s Assets — Tax Liens/Other Forfeitures, By Monday Night, May 21, 2018

  1. aldt440 says:

    I Just watched a video of Weinstein’s booking and arraignment. Boy, what a huge contrast it was to Shireli’s bravado.

    Weinstein wore a light blue sweater, jeans, and a dark sport jacket. Blue is known as a psychologically calm and soothing color, and I’m confident consultants recommended it. Hospitals and stressful institutions often paint the walls blue to create a peaceful and tranquil environment. His jacket had an English vent and he hid the handcuffs underneath and tucked the sleeves in his side pockets. Slick!

    I didn’t see Marc Agniolofo anywhere. Perhaps they’re trying to keep his wife’s conflicts under wraps?

    From what I’ve gathered, the grand jury is still convened and witnesses are still being called. i’m not sure what the legal ramifications are of a strategy like this, but I’m confident it’s been well thought through.

    Liked by 1 person

    • aldt440 says:

      Brafman made a very bold statement at the press briefing:

      “Mr. Weinstein did not invent the casting couch in Hollywood. To the extent that there’s bad behavior in that industry, that is not what this is about. Bad behavior is not on trial in this case.”

      Liked by 1 person

      • blue22 says:

        For Weinstein and Shkreli, Braffman has acquiesced that both of his clients are scumbags but now let’s try to figure out if they actually did anything legally dubious. Interesting strategy.

        Liked by 1 person

  2. R West says:

    News headline today: “Virginia investment adviser sentenced to 12 years for $6 million fraud”

    One could argue Mr. Shkreli got off light! New York Judges go relatively easy on securities fraud because … well … even if you make a legitimate investment on Wall Street, they know you’re going to lose it anyway!

    Liked by 2 people

    • Yellow Butterfly says:

      I got the book and have read about 1/4 of it! Wow, she just lied and lied and lied through her teeth. Definitely some Shkreli parallels!! She does seem much smarter though.

      Liked by 1 person

  3. R West says:

    Nice Condor doesn’t give too many details on his vacation. I hate it when professionals go on vacation and they send you a business email with a bunch of extraneous details, like:

    “HI R, I’m on vacation with my family at the Grand Isle Resort & Spa in Nassau. Weather is great! We’re scuba diving today, jet skiing tomorrow, and then it’s parasail the next day. I’ll get back to you as soon I get back to the office. Not sure when … don’t know yet if we have to fly back commercial or if the firm’s Dassault Falcon 7X will still be here when we depart.”

    I’m not sure what’s up with that. Why don’t they just say they’re out of the office?

    Liked by 1 person

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