On March 21, Bauer was recorded saying: "I mean the fact is we did something wrong. So it is not like we are being convicted of doing nothing. We did something wrong here."
The criminal case is U.S. v. Garrett Bauer, 11-mj-3536, U.S. District Court, District of New Jersey (Newark). The SEC case is Securities and Exchange Commission v. Matthew H. Kluger and Garrett D. Bauer, U.S. District Court, District of New Jersey (Newark).