Your Freedom of Information Law (FOIL) Request FOIL-2023-093329-019299 (NY-DFS $100M Coinbase Compliance Settlement)

Mon Jun 26 04:30:01 PDT 2023

Ms. Verdejo:

May we kindly ask for an update on the Coinbase document records?

Have a great day,

Gunnar

Gunnar Larson
xNY.io - Bank.org
917-580-8053

On Thu, Jun 15, 2023, 7:06 AM Gunnar Larson <g at xny.io> wrote:

> Dear Ms. Verdejo:
>
> Concerning the Coinbase records matter, can you kindly advise?
>
> Have a great day.
>
> Thank you,
>
> Gunnar
>
> On Thu, May 25, 2023, 5:47 AM Gunnar Larson <g at xny.io> wrote:
>
>> Dear Ms. Verdejo:
>>
>> Do you have an update on our FOIL request concerning access to the
>> Coinbase records?
>>
>> Thank you,
>>
>> Gunnar
>>
>> Gunnar Larson
>> xNY.io - Bank.org
>> 917-580-8053
>>
>> On Tue, May 9, 2023, 5:06 PM Gunnar Larson <g at xny.io> wrote:
>>
>>> Ms. Verdejo:
>>>
>>> NY-DFS has yet to respond to your self imposed deadline of April 28,
>>> 2023 concerning xNY.io - Bank.org's FOIL request to your $100M Coinbase
>>> Compliance Settlement.
>>>
>>> Today, Bloomberg reports: Ex-Coinbase Manager Gets 2 Years for Insider
>>> Trading
>>> https://www.bloomberg.com/news/articles/2023-05-09/ex-coinbase-manager-ishan-wahi-gets-2-years-for-insider-trading
>>> .
>>>
>>> Superintendent Harris has conflicts concerning Coinbase and her past
>>> work at Sullcrom.com. xNY.io - Bank.org is concerned NY-DFS may be
>>> obstructing our FOIL request and/or has potentially colluded with Coinbase
>>> at the detriment to cross-border digital asset innovation.
>>>
>>> This theme is similar to an ongoing FOIL request we have with your
>>> esteemed office concerning Apple Card. Former Superintendent Lacewell has
>>> potential conspiracy conflicts.
>>>
>>> In 2020, Goldman Sachs annoced plans to take Coinbase public. In 2022,
>>> Goldman Sachs issued the first bank backed Bitcoin loan to Coinbase.
>>>
>>> Between Apple Card records and Coinbase records NY-DFS has delayed
>>> xNY.io - Bank.org several times.
>>>
>>> As Superintendent Harris can understand, Bank.org has a Shelf Charter
>>> application with NY-DFS ongoing and if another bank fails in New York we
>>> would like to have a good working relationship. As such, with the Coinbase
>>> records we seek any and all records associated with NY-DFS' relationship
>>> with Sullcrom.com during the Coinbase investigation.
>>>
>>> Can NY-DFS kindly provide us an update on the Coinbase records by 5:00pm
>>> tomorrow? We may be prompted to contact the New York State's Attorney
>>> General's office with urgent plea to engage the State's false claims act.
>>>
>>> Warm regards,
>>>
>>> Gunnar
>>>
>>> Gunnar Larson
>>> xNY.io - Bank.org
>>> 917-580-8053
>>>
>>> On Thu, Apr 27, 2023, 7:51 AM Gunnar Larson <g at xny.io> wrote:
>>>
>>>> Ms. Verdejo:
>>>>
>>>> May xNY.io - Bank.org kindly request an update on your FOIL request the
>>>> concerning Coinbase $100M Settlement?
>>>>
>>>> Today's memo is an administrative appeal for records access associated
>>>> to FOIL-2023-093329-019299.
>>>>
>>>> Sening you the very best.
>>>>
>>>> Thank you,
>>>>
>>>> Gunnar
>>>>
>>>> Gunnar Larson
>>>> xNY.io - Bank.org
>>>> 917-580-8053
>>>>
>>>>
>>>> On Mon, Apr 17, 2023, 7:50 AM Gunnar Larson <g at xny.io> wrote:
>>>>
>>>>> Ms. Verdejo:
>>>>>
>>>>> Would it be possible to receive an updated on the Coinbase records?
>>>>>
>>>>> Gunnar Larson
>>>>>
>>>>> On Fri, Mar 24, 2023, 11:52 AM <Joanne.Verdejo at dfs.ny.gov> wrote:
>>>>>
>>>>>> Good morning,
>>>>>>
>>>>>> Attached please find correspondence from the NYS Department of
>>>>>> Financial Services, pertaining to your FOIL request.
>>>>>>
>>>>>>
>>>>>>
>>>>>> Thank you.
>>>>>>
>>>>>> Tracking Number:FOIL-2023-093329-019299
>>>>>>
>>>>>
>>>>> G at xny.io
>>>>> March 24, 2023
>>>>> Gunnar Larson
>>>>> xNY.io - Bank.org
>>>>> 406 West 25th Street
>>>>> New York, NY 10001
>>>>> Re: FOIL Tracking No. 2023-093329
>>>>> Dear Gunnar Larson:
>>>>> I write with respect to your above-referenced FOIL request. The New
>>>>> York State Department of
>>>>> Financial Services (DFS) requires additional time to respond to your
>>>>> request, assigned the
>>>>> tracking number 2023-093329, because the Department requires
>>>>> additional time to complete its
>>>>> response.
>>>>> DFS anticipates completing your request on or about April 28, 2023. We
>>>>> appreciate your
>>>>> continued patience.
>>>>> Thank you.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> ---------- Forwarded message ---------
>>>>> From: <Joanne.Verdejo at dfs.ny.gov>
>>>>> Date: Fri, Mar 24, 2023, 11:52 AM
>>>>> Subject: Your Freedom of Information Law (FOIL) Request
>>>>> FOIL-2023-093329-019299
>>>>> To: <G at xny.io>
>>>>>
>>>>>
>>>>> Good morning,
>>>>>
>>>>> Attached please find correspondence from the NYS Department of
>>>>> Financial Services, pertaining to your FOIL request.
>>>>>
>>>>>
>>>>>
>>>>> Thank you.
>>>>>
>>>>> Tracking Number:FOIL-2023-093329-019299
>>>>>
>>>>> Thank you for submitting your FOIL request through Open FOIL NY.
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Here is your Open FOIL NY confirmation information for future
>>>>> reference:
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> LARSON_DFS_20230114152649702
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> LARSON_DOB_20230114152649702
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> LARSON_DTF_20230114152649702
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> INFORMATION SUBMITTED:
>>>>>
>>>>>
>>>>>
>>>>> Records Requested From
>>>>>
>>>>>
>>>>>
>>>>> Department of Financial Services
>>>>>
>>>>>
>>>>>
>>>>> Division of the Budget
>>>>>
>>>>>
>>>>>
>>>>> Department of Taxation and Finance
>>>>>
>>>>>
>>>>>
>>>>> Short Title
>>>>>
>>>>>
>>>>>
>>>>> Coinbase $100M Settlement Investigation Records
>>>>>
>>>>>
>>>>>
>>>>> Description
>>>>>
>>>>>
>>>>>
>>>>> Dear Madam or Sir: xNY.io - Bank.org kindly seeks access to any and
>>>>> all records concerning New York State's investigation of Coinbase,
>>>>> comprising the $100M settlement mentioned here:
>>>>> https://www.dfs.ny.gov/reports_and_publications/press_releases/pr202301041.
>>>>> We are requesting all public records from 2018 to 2022 concerning New
>>>>> York's aforementioned Coinbase investigation. Moreover, xNY.io - Bank.org
>>>>> seeks access to any and all records concerning New York's regulatory
>>>>> scrutiny (and/or approval) of Goldman Sachs' partnership with Coinbase,
>>>>> issuing the bank's first Bitcoin loan mentioned here:
>>>>> https://www.nasdaq.com/articles/goldman-sachs-partners-with-coinbase-for-banks-first-bitcoin-backed-loan.
>>>>> In addition, xNY.io - Bank.org seeks any and all records concerning New
>>>>> York's approach to Coinbase and Goldman Sachs compliance programs mandated
>>>>> by the United States Department of Justice, Criminal Division, Fraud
>>>>> Section and Money Laundering and Asset Recovery Section mentioned here:
>>>>> https://drive.google.com/file/d/1Yx88RMoeLyyfbNK0RtPl4r-m8N21_1Sp/view?usp=drivesdk.
>>>>> Finally, xNY.io - Bank.org seeks records concerning New York's regulatory
>>>>> approval of Coinbase engaging a fine of $50M to implement heightened
>>>>> controls and additional procedures and policies relating to electronic
>>>>> surveillance and investigation, due diligence on transactions or clients
>>>>> and the use of third-party intermediaries across business units; and
>>>>> enhancing anti-corruption training for all management and relevant
>>>>> employees. Warm regards, Gunnar Larson Gunnar Larson xNY.io - Bank.org
>>>>> 646-454-9107
>>>>>
>>>>>
>>>>>
>>>>> Uploaded Files
>>>>>
>>>>>
>>>>>
>>>>> FOIL Response Format
>>>>>
>>>>>
>>>>>
>>>>> Email
>>>>>
>>>>>
>>>>>
>>>>> If fees apply, please contact me if costs will be greater than
>>>>>
>>>>>
>>>>>
>>>>> $10000
>>>>>
>>>>>
>>>>>
>>>>> Your FOIL request has been forwarded to the organization(s) you
>>>>> selected, and the respective Records Access Officer will contact you
>>>>> directly for further processing of your request. Please allow up to five
>>>>> business days for such communication(s). For your convenience, here is
>>>>> additional contact information:
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>>
>>>>> Department of Financial Services
>>>>>
>>>>>
>>>>>
>>>>> One State Street
>>>>>
>>>>>
>>>>>
>>>>> 20th Floor
>>>>>
>>>>>
>>>>>
>>>>> New York, NY 10004
>>>>>
>>>>
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