A federal magistrate judge denied Tom Goldstein's request to substitute collateral to protect his D.C. home amid serious legal issues. Goldstein, co-founder of SCOTUSblog, is in trouble over his alleged tax and loan fraud involving undeclared gambling winnings, unreported cryptocurrency transactions, and misappropriation of his law firm’s funds for personal debts. The judge emphasized the necessity of keeping the collateral linked to the case to ensure Goldstein's attendance at future court proceedings, rejecting his plea to use family properties instead.
The court finds that maintaining the Hawthorne Street property as the property subject to forfeiture under the appearance bond is necessary to reasonably assure that Mr. Goldstein will appear for all future proceedings in this case.
Goldstein's indictment alleged that he schemed to understate gambling winnings on tax returns, failed to report cryptocurrency transactions, and used millions of dollars of his law firm’s money to pay gambling debts.
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