Mike and I talked about preparing ICS agreements just in case it comes in and he and Maria are taking care of that in
- Date
- 2021-05-07
Summary
Document 132-39, filed May 7, 2021 in Case 1:20-cv-00658-LMB-IDD, is Exhibit 39: an email chain among Chain Bridge Bank, N.A. staff dated March 25, 2020 under the subject line Blue Flame Medical incoming wire. A branch manager reports that Blue Flame Medical, which opened an account that day, expects a wire from the State of California for 450 million, and a commercial banking manager replies that a sum of that size is half the bank's asset size and could affect its capital ratios. Chief Executive Officer John J. Brough writes that he and David M. Evinger are skeptical and asks staff to prepare ICS documents so any funds can be moved off the balance sheet. The chain ends with a reply that ICS agreements are being prepared. The pages carry confidential document numbers and a plaintiff's trial exhibit stamp.
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Full text
Case 1:20-cv-00658-LMB-IDD Document 132-39 Filed 05/07/21 Page 1 of 4 PageID#
2856
EXHIBIT 39
To: Case 1:20-cv-00658-LMB-IDD
John J. Document 132-39 Filed 05/07/21 Page 2 of 4 PageID#
Brough[JBrough@chainbridgebank.com]
Cc: Mike Richardson[mrichardson@chainbridgebank.com];2857
Joanna Williamson[jwilliamson@chainbridgebank.com]; David M.
Evinger[DEvinger@chainbridgebank.com]
From: Heather Schoeppe
Sent: Wed 3/25/2020 9:03:13 PM
Subject: Re: Blue Flame Medical incoming wire 450 million
John,
Mike and I talked about preparing ICS agreements just in case it comes in and he and Maria are taking care of that in
the morning.
Heather
Sent from my iPhone
On Mar 25 , 2020, at 6:24 PM, John J. Brough <JBrough@chainbridgebank.com> wrote:
Heather,
David and I spoke to Mike Gula. He is very confident about the transactions, but David and I are very skeptical.
We called Peter to bring him up to speed. Peter also thinks it is a scam.
In the event we do receive the cash, there is no way we can hold it on our balance sheet. So, would you please
prepare ICS documents? Zero interest rate. I told Mike we would need to move the money off balance sheet
into the ICS program .
John
John J. Brough
Chief Executive Officer
Chain Bridge Bank, N.A.
(703) 748-7384 Direct
(703) 748-2005 Main
(703) 216-5477 Cell
(703) 748-2007 Fax
1445-A Laughlin Avenue
McLean, VA 22101
www.cha in bridge bank.com
From: Heather Schoeppe <HSchoeppe@chainbridgebank.com>
Sent: Wednesday, March 25, 2020 4:22 PM
To: Mike Richardson <mrichardson@chainbridgebank.com>; John J. Brough <JBrough@chainbridgebank.com>; Joanna
Williamson <jwilliamson@chainbridgebank.com>
Subject: FW: Blue Flame Medical incoming wire 450 million
Importance: High
John and Joanna,
We opened and account today for Blue Flame Medical/Mike Gula and he is expecting a wire in today for 450
Million from the State of California . Mike Gula said the Governor of California just announced that California is
buying 100 Million N95 masks from China and will be deploying them. Mike' s company Blue Flame Medical
received the contract . He said the money should be in today and will be spent out fairly rapidly as China
produces the masks and they pay them . He said he understands that the timing is important to us and can give
Plaintiff's
Trial Exhibit
CONFIDENTIAL 531 CBB00000761
Case
us more1:20-cv-00658-LMB-IDD Document
information tomorrow on the timing 132-39
of payments Filed
out of the 05/07/21
account. Page 3 of 4 PageID#
2858
I will ca ll you right away, but wanted you to see this in case I can't reach you immediately.
Thanks,
Heather
Heather Schoeppe
Senior Vice President and Branch Manager
Chain Bridge Bank, N.A.
(703) 748-2005 Office
(703) 748-7383 Direct
(703) 748-2007 Fax
1445-A Laughlin Avenue
McLean, VA 22101
www .chainbridgebank.com
From: Mike Richardson <mrichardson@chainbridgebank.com >
Sent: Wednesday, March 25, 2020 4:00 PM
To: Heather Schoeppe <HSchoeppe@chainbridgebank.com>
Cc: Wires <Wires@chainbridgebank.com >; Commercial Banking <commercialbanking@chainbridgebank.com >
Subject: Re : Blue Flame Medical incoming wire
Anything of that size would need to be known on the front end because that's half our asset size and could be
problems on our capital ratios .
Please reach out to confirm and let's talk with John and Joanna if it turns out to be something that massive.
MR
Mike Richardson
Sr. Vice President &
Commercial Banking Manager
Chain Bridge Bank
703-748-2074
Sent from my Verizon Wireless mobile device
On Mar 25, 2020, at 3:54 PM , Heather Schoeppe <HSchoeppe@chainbridgebank.com > wrote :
He actually said 450 million. I was hoping Maria knew about it already b/c it is pretty crazy and
would explain why he is going crazy today. If not, then maybe someone should reach out to
discuss further to see what it's all about and the timeline of how long it will be here. I'm happy to
do it if you want.
Heather Schoeppe
Senior Vice President and Branch Manager
Chain Bridge Bank, N.A.
(703) 748-2005 Office
(703) 748-7383 Direct
(703) 748-2007 Fax
1445-A Laughlin Avenue
CONFIDENTIAL CBB00000762
CaseMcLean,
1:20-cv-00658-LMB-IDD
VA 22101 Document 132-39 Filed 05/07/21 Page 4 of 4 PageID#
2859
www .chainbridgebank.com
From: Mike Richardson <mrichardson@chainbridgebank.com >
Sent: Wednesday, March 25, 2020 3:53 PM
To: Heather Schoeppe <HSchoeppe@chainbridgebank.com >; Wires <Wires@chainbridgebank.com >
Cc: Commercial Banking <comm ercialbanking@chainbridgebank.co m>
Subject: RE: Blue Flame Medical incoming wire
Heather - I hope you' re using " M " as roman numeral for thousands and not "M" for millions. ©
MR
Mike Richardson
Senior Vice President &
Commercial Banking Manager
Chain Bridge Bank, N.A.
Direct 703-7 48-207 4
Cell 571-329-7456
Main 703-7 48-2005
From: Heather Schoeppe
Sent: Wednesday, March 25, 2020 3:31 PM
To: Wires <Wires@chainbridgebank.com >
Cc: Commercial Banking <commercialbanking@chainbridgebank.com >
Subject: Blue Flame Medical incoming wire
Mike Gula with Blue Flame Medical is expecting a wire from the state of California for 450M . and
he would like to be contacted at 202-255-9745 as soon as we receive the funds.
Thank You,
Heather
Heather Schoeppe
Senior Vice President and Branch Manager
Chain Bridge Bank, N.A.
(703) 748-2005 Office
(703) 748-7383 Direct
(703) 748-2007 Fax
1445-A Laughlin Avenue
McLean, VA 22101
www.chainbridgebank.com
CONFIDENTIAL CBB00000763
File and source
- File
- gov.uscourts.vaed.477405.132.39.pdf
- Size
- 832,078 bytes
- SHA-256
- a5ff1269da4fcd9dfba27ba52b66564bf72869fe5c4afce4752811dd4522db74
- Original
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