Netburn ruled that Ng can’t be released on bail.
“The defendant has resources in this case, significant funds, numerous planes, numerous passports and is a citizen of numerous countries which may not cooperate with the U.S. if he were to flee and take refuge there,” she said. “I don’t believe there are conditions that I can set to satisfy myself that he will remain in the U.S. and face the charges.”
The magistrate said she’d consider releasing Yin on $1 million bond. She gave prosecutors until Sept. 25 to review his bail conditions.
Sabrina Shroff, a lawyer for Yin, called the government’s assertions about her client “absurd” and argued at Yin’s bail hearing that he wasn’t a partner in any conspiracy with Ng.
The case is U.S. v. Ng, 15-mj-03369, U.S. District Court, Southern District of New York (Manhattan).