Glad you found it. The reason is because they haven’t filed an indictment yet. I agree that they’re very likely using it as leverage. Imo, he’s been caught on multiple occasions lying or misrepresenting facts, and that’s breaking the cardinal rule when it comes to the FBI.
They’ll give him a deal IF he pleads guilty and comes entirely clean about the various schemes, means and methods, and those involved, and turns over millions in assets that he’s got hidden. I think he’d rather serve time than give up the millions…he’s too greedy and knows he’ll have a tough time recouping through anymore schemes. If in the next 3-4 months the defendants agree to participate in a reverse proffer and burn it down, but feds find that he’s just not willing to fully cooperate, then IMO they’ll file charges before July, as it seems to be set precedent in regards to timetable.
There’s a mountain of evidence and attorney’s in grand jury cases are fighting over how much the government is disclosing in discovery, and the ton that’s there needs to be vetted to build a defense. The government will go with a reverse proffer, which is what’s proposed now only if they feel they have a very strong case to flip some co-cons with a plea deal. A reverse proffer generally comes before indictment, but it can be used to get a guilty plea from main players if they turn over evidence, in Svorai and Vaccaro’s case both evidence and assets. This also means the co-cons/targets haven’t received discovery, Brady disclosure or Jencks material yet, so co-defendants are working from a disadvantage as apposed to the defendants, or government who holds all the cards close to the vest. Imo this is more for co-conspirators to turn over more evidence on those directly charged. They want Nahon, Skolnick, and maybe even Ruggeri who was Svorai’s right hand con-man for a couple of decades to start talking. They want Svorai’s hidden assets, and Nahon and Ruggeri know where the bodies are buried, sort of speak.
They filed the initial arrest warrant prematurely because Svorai was recorded threatening to hang a co-conspirator by his toes, chop him up and throw him in the ocean. So they had to get him off the street. What’s interesting to me is that they never stipulated a trading or securities ban as condition of release. This is always a given in securities cases, which really stood out.
Imo feds knew that event threw a wrench in their investigation that was cut short (hence the follow-up indictments) and wanted to give him enough rope to hang himself by not stipulating a securities ban, as he’s greedy and a career con man and been doing this for a long time. I’ve always said Dror has straddled the fine line of the law without ever quite tipping over — until the tides turned against him when many shady brokers started getting shut down starting in 2017. When you’ve got billions of shares and your shady outlets have dwindled from couple dozen to less than a handful willing to take shares, then it’s only a matter of time before you get desperate and start getting sloppy.
Him being released this time, unlike the last time wasn’t until he served a few months inside, and with covid out of control they started releasing a lot of white collar criminals on house arrest. That’s the only reason. This time however there is a securities ban stipulated as condition of release.
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