CLOSED CRIMINAL DIVISION CASES
United States v. Jay Passerino
Court Docket No.: 20-20073-CR-SCOLA (S.D. Florida)
Court Assigned: This case is assigned to U.S. District Judge Robert N. Scola, Jr., U.S. District Court for the Southern District of Florida, United States Courthouse, 400 North Miami Avenue, Miami, Florida 33128.
Latest Update: On February 10, 2022, defendant Jay Passerino’s sentence was reduced from 15 months to 4 months of imprisonment, followed by three years of supervised release. Passerino’s surrender date to the Bureau of Prisons has been extended to March 31, 2022 no later than 12:00 PM.
Overview: Jay Passerino, a Florida resident, was charged in a criminal information, filed on February 10, 2020, in the Southern District of Florida, with one count of conspiracy to commit wire fraud, in violation of 18 U.S.C. § 371. The charge stems from the defendant’s role in a scheme to induce investors to deposit money in binary option contracts through the use of false and fraudulent statements disseminated to investors via email and/or internet websites, concerning the profitability of binary options investments as well as the nature, risks, and suitability of investing in binary options. Passerino pleaded guilty to the conspiracy charge on March 10, 2020 and is currently released out on bond.
For more information about the charges in this case, please see below:
Crime Victims’ Rights Act and Right to Retain Counsel: The Crime Victims’ Rights Act (18 U.S.C. § 3771) applies only to victims of the counts charged in federal court, and thus individuals may not be able to exercise all of these rights if the crime of which the individual is a victim was not charged. Section 377I(c)(2) of this Act requires that we advise you that you have the right to retain counsel. Although the statute specifically sets forth your right to seek advice of an attorney with regard to your rights under the statute, there is no requirement that you retain counsel. The Government may not recommend any specific counsel, nor can the government (or the court) pay for counsel to represent you. Government attorneys represent the United States.
If you elect to obtain counsel to represent your interests, please have your attorney notify this office in writing at: U.S. Department of Justice, Criminal Division, Fraud Section, 10th & Constitution Avenue, NW, Bond Building, 4th Floor, Washington, DC 20530, Attention: Victim Witness Unit; fax: (202) 514-3708; or email: VictimAssistance.email@example.com. If you elect not to retain counsel to represent your interests, you do not need to do anything.