It’s not every day an alleged Wall Street scammer begs for a court date with Preet Bharara.But that’s exactly what Kaleil Isaza Tuzman, the star of the 2001 documentary “Startup.com,” is doing after he got a little taste of life inside a Bogota, Colombia, jail.
The resort has its own Instagram account, @cartagenaviceroy, and Mr.
Tuzman posed for a group photo in a hard hat last week. Tuzman recently sent an invitation to the “7th Annual Colombia Celebration” sponsored by KIT Capital, which is leading the resort project, according to an Aug. The 10-day event in Cartagena and Medellin in November “straddles local independent day celebrations, island trips, world-class parties and the Miss Colombia coronation,” according to the invite.
In the letter, the lawyers quote the 17th-century English philosopher Thomas Hobbes’ “Leviathan” and describe the Colombian jail as having “subhuman conditions. Isaza Tuzman is presently being held in a facility where he faces imminent bodily harm from other inmates,” Jonathan New, one of Tuzman’s lawyers, wrote to Assistant US Attorney Damian Williams on Sept.
18, according to the letter, which was partially redacted.
Tuzman will then surrender to US authorities, his lawyers claim.
The US, calling Tuzman’s plan “unprecedented,” has denied the request.
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Law360, New York (September 22, 2016, PM EDT) -- Manhattan U. CEO Kaleil Isaza Tuzman and his erstwhile colleague and investor Omar Amanat to face fraud and conspiracy charges, declining a prosecutor's request for a January trial. 2 trial date appeared to strike a balance between the prosecution and the defense, which asked for an attenuated schedule that would have seen motions practice likely extend through 2017. Financial Services Law360 UK provides breaking news and analysis on the financial sector.
Both were charged with conspiring to mislead investors and regulators about the firm's financial health, and each faces both criminal and SEC charges.
Tuzman is also charged with conspiring with Irfan and Oman Amanat, and with Stephen Maiden, manager of the Maiden Capital hedge fund, between December 2008 and September 2011, to inflate Kit's trading volume and share price via "match trades" that permitted Kit to conceal purchases of its own stock.
KIT Digital emerged from Chapter 11 in 2013, and rebranded the remaining assets of the business as Piksel, which remains a leader in on-line video technology.. The Wall Street Journal first raised questions about KIT Digital in November 2011, noting a rapid increase in accounts receivable that suggested customers weren’t paying their bills. Tuzman had with Dubai police after getting into a fight with a lawyer there. Tuzman stepped down in March 2012 and a subsequent Wall Street Journal story noted additional troubles facing the company and quoted his successor, Barak Bar-Cohen, saying he would like to “control-alt-delete the past.” KIT Digital filed for bankruptcy in 2013. Tuzman now runs an investment firm called KIT Capital that focuses on asset sales, growth equity and real estate.