STIPULATION AND ORDER FOR CONSENT SEIZURE OF FUNDS as to CORNELL MCCOY — USA v. MCCOY (Dkt. 11)

Summary

Stipulation and Order for Consent Seizure of Funds, Document 11, filed 04/14/22 in Crim. No. 22-186 (1:22-cr-00186-KMW), United States of America v. Cornell McCoy, District of New Jersey, four pages. It recites that on March 14, 2022 McCoy pleaded guilty under a plea agreement to a one-count Information charging bank fraud in violation of 18 U.S.C. § 1344, and agreed to forfeit $237,500.00. McCoy admits that the contents of a KeyBank account in the name of Silver Cup Services Group LLC are proceeds of that offense and consents to their seizure under 18 U.S.C. § 982(a)(2). The order directs KeyBank to send the contents to the United States Marshals Service, which is to deposit them in the seized asset deposit fund. The order is for Hon. Karen M. Williams.

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Case 1:22-cr-00186-KMW Documenti1 Filed 04/14/22 Page 1 of 4 PagelD: 54

UNITED STATES DISTRICT COURT

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

CONSENT SEIZURE OF FUNDS
Defendant.

WHEREAS, on March 14, 2022, defendant Cornell McCoy pleaded 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, on or about March 14, 2022, the Court entered a Preliminary
Order of Forfeiture (Final as to the Defendant) entering a money judgment in
the amount of $237,500.00 against Cornell McCoy. The contents of a KeyBank
account ending in -4316 in the name of Silver Cup Services Group LLC were
also forfeited;

WHEREAS both Cornell McCoy and the United States agree that the

contents of KeyBank Account Number 285 123003902, held in the name of

Case 1:22-cr-00186-KMW Document11_ Filed 04/14/22 Page 2 of 4 PagelD: 55

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 285123003902, held in the name of Silver Cup Services Group LLC,
comprises proceeds of the bank fraud offense to which he has pleaded guilty;

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 285123003902, held in the name of Silver Cup Services
Group LLC; and

WHEREAS Cornell McCoy is the signatory and authorized account holder
for account number 285123003902 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 285123003902, 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 285123003902, held in the name of Silver Cup
Case 1:22-cr-00186-KMW Documenti1 Filed 04/14/22 Page 3 of 4 PagelD: 56

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 285123003902, 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.

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

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

The undersigned hereby consent to
the form and entry of this Order:

PHILIP R. SELLINGER,
United States Attorney

a Mend andl Dated: 3/25/2022
By: DANIEL A. FRIEDMAN
Assistant. United States Attorney

CL | é 3 Dated: ylnfeo

By: CHRISTOPHER ST-JOHN, ESQ.
Attorney for defendant Cornell McCoy

13

Dated: / 5 pA

CORNELL MCCOY, Defendant

Case 1:22-cr-00186-KMW Document11_ Filed 04/14/22 Page 4 of 4 PagelD: 57

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 Lt aay a a ho , 2022.

iat Sh SY Joo
. Hon. Karen M. Williams, U.S.DJ.

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