United States v. Teyibo

MEMORANDUM OPINION AND ORDER

KRAM, District Judge.

In this criminal action charging defendant Daniel O. Teyibo, a/k/a “Daniel O. Teyido,” a/k/a “Richard K. Gant,” a/k/a “Samuel O. Ajao,” a/k/a “Jack Renfro” (“Teyibo”) with nine counts of wire fraud and eight counts of securities fraud, Teyibo moves for an order suppressing all evidence, dismissing the indictment and releasing the grand jury minutes. The Government opposes Teyibo’s motions. For the reasons set forth below, Teyibo’s motions are denied.

BACKGROUND

I. The Civil Proceeding

A. The Informal Inquiry

In mid-1991, the Securities and Exchange…