STIPULATION AND ORDER FOR CONSENT SEIZURE OF FUNDS as to CORNELL MCCOY — USA v. MCCOY (Dkt. 7)

Summary

Document 7, filed 03/14/22, in Crim. No. 22-cr-186-KMW in the U.S. District Court for the District of New Jersey, is a four-page Stipulation and Order for Consent Seizure of Funds in United States v. Cornell McCoy. It recites that McCoy pleaded guilty to a one-count Information charging bank fraud under 18 U.S.C. 1344 and agreed in his plea agreement to forfeit $237,500.00. He admits that the contents of a KeyBank account in the name of Silver Cup Services Group LLC are proceeds of the offense and consents to their seizure. The order directs KeyBank to send the account contents to the U.S. Marshals Service, which will keep and deposit them as if seized by warrant. The stipulation is signed for the government by an Assistant U.S. Attorney, by McCoy's attorney and by McCoy.

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Record facts

Full text

Case 1:22-cr-00186-KMW Document 7 Filed 03/14/22 Page 1 of 4 PagelD: 37

UNITED STATES DISTRICT COURT

DISTRICT OF NEW JERSEY
UNITED STATES OF AMERICA : Hon. Karen M. Willams  , U.S.D.J.
v. : - Crim. No. 22-cr-186-KMW
CORNELL MCCOY, STIPULATION AND ORDER FOR

CONSENT SEIZURE OF FUNDS —
Defendant.

WHEREAS, on He cdy (yf >. 5 defendant Cornell McCoy pleaded

“4

guilty, pursuant to a plea agreement with the United States, to a one-count

Information (the “Information”) charging him with bank fraud, in violation of 18
U.S.C. § 1344;

WHEREAS, as part of his plea agreement, Cornell McCoy agreed to forfeit
$237,500.00 and agreed to the entry of a Consent Judgment and Order of
Forfeiture (Money Judgment) and Preliminary Order of Forfeiture (Final as to
the Defendant) entering a money judgment in the amount of $237,500.00
against Cornell McCoy; |

WHEREAS both Cornell McCoy and the United States agree that the
contents of KeyBank Account Number 385121004316, held in the name of
Silver Cup Services Group LLC, shall be seized by the United States because it
is subject to forfeiture to the United States pursuant to 18 U.S.C. §§ 982(a)(2);

WHEREAS Cornell McCoy admits that the contents of KeyBank Account
Number 385121004316, held in the name of Silver Cup Services Group LLC,

comprises proceeds of the bank fraud offense to which he has pleaded guilty,

Case 1:22-cr-00186-KMW Document7 - Filed 03/14/22 Page 2 of 4 PagelD: 38

WHEREAS Cornell McCoy consents to the United States’ seizure for
forfeiture pursuant to 18 U.S.C. §§ 982(a)(2) of the contents of KeyBank
Account Number 385121004316, held in the name of Silver Cup Services
Group LLC; and

WHEREAS Cornell McCoy is the signatory and authorized account holder
for account number 385121004316 presently maintained at KeyBank in the
name of Silver Cup Services Group LLC. Cornell McCoy hereby authorizes and
requests that the entire contents of those accounts, including accrued interest,
be immediately transferred to the United States Marshals Service.

WHEREAS, it is hereby ORDERED, ADJUDGED, AND DECREED AS
FOLLOWS:

1. The Court hereby directs KeyBank to send the contents of
KeyBank Account Number 385121004316, held in the name of Silver Cup
Services Group LLC, to the United Marshals Service in accordance with
instructions the Federal Bureau of Investigation will provide to KeyBank.

2. The United States Marshals Service is ordered to hold the funds
from KeyBank Account Number 385121004316, held in the name of Silver Cup
Services Group LLC, for purposes of forfeiture in the same manner as it would
hold funds seized pursuant to a seizure warrant.

3, The United States Marshals Service shall deposit the funds from
KeyBank Account Number 385121004316, held in the name of Silver Cup
Services Group LLC, in the seized asset deposit fund in the same manner as if

the funds had been seized by a seizure warrant.

Case 1:22-cr-00186-KMW Document? Filed 03/14/22 Page 3 of 4 PagelD: 39

4, KeyBank shall accept service of this Order by email and/or
facsimile. Upon request, a hard copy will be sent by US. mail or Federal
Express. | | OS

5. | , This Stipulation and Order ray be executed in counterparts, each
of which shall he deemed an original, and all of which, when taken together, |
. shall be deeined the complete Stipulation and Order.

The undersigned hereby consent to
the form and entry of this Order:
RACHAEL A. HONIG,

“GMAL

‘By: DANIELA. FRIEDMAN.
_ Assistant United States Attorney

Dated; Dec. 7, 2021

. By: CHRISTOPHER-ST. JOHN, ESQ.

Attorney for defendant Cornell MeCoy

ZO IL, . = - 7 ; cw Jha ;

CORNET YICCOY, Defendant

Case 1:22-cr-00186-KMW Document7 Filed 03/14/22 Page 4of 4 PagelD: 40

ORDER
Having reviewed the foregoing Stipulation and good cause appearing,
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that this
Stipulation is So Ordered.

ORDERED this | f day of Ma (CH 2021,

“

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