NY Judge denies release request by co-conspirator of Ponzi scammer Renwick Haddow

Maria Nikolova

Judge Richard M. Berman was not impressed with James Moore’s attempt to put the blame for his conviction on his defense lawyer.

Judge Richard M. Berman of the New York Southern District Court has earlier today denied an application by James Moore, one of the co-conspirators of Ponzi scammer Renwick Haddow, for immediate release. Earlier in June, Moore was convicted at trial of wire fraud and conspiracy for engaging in a scheme to defraud investors by making misrepresentations about the management and operations of Bar Works Inc.

Judge Berman was apparently not impressed with the attempt of the defendant to shift the blame for his conviction on the defense lawyer – David M. Garvin.

Below are a couple of excerpts from Moore’s request for his release:

“After seeing for yourself the charade presented by Mr. Garvin under the thinly veiled guise of a ‘criminal defense’ at my trial I am asking Your Honor to make an order for my immediate release…

Other than the obvious point of Mr. Garvin producing none of the 12-20 witnesses I had listed and requested he call in order to help exonerate me of the crimes I was charged with (and for whom I had prepared pages and pages of questions to be used by Mr. Garvin) Mr. Garvin surely failed to meet even the lowest standards of any junior defense lawyer, never mind that of a 37 year trial veteran…

He failed to refute even the most fundamental and pivotal factual statements presented by Mr. Vainberg and Mr. Bell on behalf of the Govt as Your Honor would have been able to see from the documents. His obvious and deliberate efforts to obscure or pervert the truth at every opportunity are surely inexcusable from a licensed professional and incapable of being interpreted as anything other than an obvious and deliberate effort to ensure that I was found guilty…”

Today, Judge Richard M. Berman told defense counsel to respond by July 1, 2019. Moore’s application for release was denied.

According to the Indictment, from 2015 to 2016, Moore and others partnered with Renwick Haddow, who is also a British citizen, in soliciting investments into workspace leases in a co-working business called Bar Works through material misrepresentations concerning, among other things, the identity of Bar Works’ management. Previously, Haddow had been disqualified as a director of any United Kingdom company for eight years, and was sued by the UK Financial Conduct Authority (FCA) for operating investment schemes that lost investors substantially all of their money.

In order to conceal his role at Bar Works because of the negative publicity on the Internet related to past investment schemes and government sanctions in the UK, Haddow adopted the alias “Jonathan Black.” Notwithstanding Haddow’s control over Bar Works, Moore and others knowingly distributed the Bar Works offering materials listing Black as the Chief Executive Officer of Bar Works and claiming that Black had an extensive background in finance and past success with start-up companies. Moore also received in excess of $1.6 million in commissions for his participation in the scheme.

Moore, 58, of the United Kingdom and Miami, Florida, was convicted of one count of wire fraud and one count of wire fraud conspiracy. Each charge carries a maximum sentence of 20 years in prison.

Read this next

Digital Assets

BBVA throws open bitcoin (BTC) trading for its private banking clients in Switzerland

BBVA, one of the major banks in Spain with a fully owned franchise in Switzerland, has announced that bitcoin trading and storage would be available for its private banking clients in Switzerland.

Industry News

Standard Chartered gets a new CIO, thanks to ING

Standard Chartered has hired Roel Louwhoff as its new chief of digital, technology, and innovation officer to replace the outgoing CIO Michael Gorriz.

Industry News

Cost of compliance for AML regulations in UK hits the roof

A survey undertaken by LexisNexis Risk solutions across financial firms has shown that the cost of adhering to compliance procedures exceeds the cost of criminal threats themselves.

Digital Assets

SEC’s ‘Crypto Mom’ says Ripple’s XRP doesn’t have to be a security

“When we think about a cryptoasset as being a security what we’re doing is we’re saying it’s being sold as part of an investment contract.”

Digital Assets, Inside View

SEC v. Ripple: When will the lawsuit end?

Ripple Labs needs to close this legal chapter with the SEC as soon as possible.

Inside View, Market News

Crypto Crash: Experts weigh in as leverage drives market both ways, including XRP

We spoke to thought leaders from Advanced Markets, FXOpen, and Equiti Capital to ascertain their view on what was behind last month’s crash as it is unlikely to be the last.

Digital Assets

BitMex hires Marc Robinson in push to going beyond derivatives

BitMex, one of the largest cryptocurrency derivatives exchanges in the world and a pioneer in this field, has announced the hiring of Marc Robinson as Head of Custody as it pushes to offer more services and products apart from derivatives.

Industry News

Trade.com acquires 65% of Activotrade, appoints ex-Saxo Guillermo Galey as CEO

For the past 20 years, Mr. Galey has been establishing and developing retail and institutional business in Iberia and Latin America.

Industry News

JPMorgan acquires Nutmeg in bid for share in UK retail market

JPMorgan Chase has acquired the British digital wealth manager Nutmeg in what is seen as a push to enter the UK retail banking and wealth management market.