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Replies to post #315900 on Spongetech Delivery Systems Inc (fka SPNGQ)
05/05/10 5:08 PM
on Wednesday morning, FBI and IRS agents raided Spongetech's headquarters at 10 W. 33rd St. Down the block, at another address listed in court records as a Spongetech office—but listed on the building's directory as home to “Vanity Events Inc.”—an IRS agent stood vigil as eight people, seemingly Spongetech employees, sat silently outside the office and furiously pecked away at their iPhones. Federal agents were summoning the people into the office one by one.
05/05/10 5:13 PM
Both appeared before Judge Ramon Reyes in a Brooklyn federal courtroom on Wednesday and bail was set at $2 million each. Mr. Metter, 58, used his house in Greenwich, Conn., to secure his release, while Mr. Moskowitz, 45, brought his elderly parents to court with him so they could sign papers using their house in Forest Hills, Queens, to secure their son's bail. Both were confined to the New York area, although Mr. Metter was allowed to travel to Lancaster, Pa., for the weekend of May 15 to attend his son's graduation.
AI
