United States of America v. Cross Nicastro, E-Trade Securities, LLC

CourtDistrict Court, N.D. New York
DecidedSeptember 17, 2025
Docket5:25-cv-01051
StatusUnknown

This text of United States of America v. Cross Nicastro, E-Trade Securities, LLC (United States of America v. Cross Nicastro, E-Trade Securities, LLC) is published on Counsel Stack Legal Research, covering District Court, N.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
United States of America v. Cross Nicastro, E-Trade Securities, LLC, (N.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF NEW YORK ____________________________________________

UNITED STATES OF AMERICA,

Plaintiff,

v. 5:25-CV-1051 CROSS NICASTRO, (DNH/ML)

Defendant,

and

E-TRADE SECURITIES, LLC,

Garnishee. ____________________________________________

APPEARANCES: OF COUNSEL:

UNITED STATES ATTORNEY MELISSA O’BRIEN Counsel for the Plaintiff ROTHBART, ESQ. 100 South Clinton Street Assistant United States Syracuse, New York 13261-7198 Attorney

CROSS NICASTRO Pro Se Defendant 3720 Southside Road Frankfort, New York 13340

E-TRADE SECURITIES, LLC Garnishee Attention: Maxwell Tomcho 200 Hudson Street Suite 501 Jersey City, New Jersey 07311

MIROSLAV LOVRIC, United States Magistrate Judge REPORT and RECOMMENDATION1

I. INTRODUCTION On October 16, 2012, Defendant Cross Nicastro (“Defendant”) was found guilty by a jury of conspiracy to impede the United States, to violate the Clean Water Act, to violate CERCLA, to obstruct justice, and to commit wire fraud, in violation of 18 U.S.C. § 371. United States v. Nicastro, 5:11-CR-0264 (N.D.N.Y.) (“Crim. Dkt.”), Dkt. No. 191; Dkt. No. 433. On June 30, 2016, the Court issued an amended judgment as to Defendant, which included an order that he pay restitution in the amount of $300,000.00. (Crim. Dkt. No. 433 at 5.) Defendant’s payments were to begin immediately in monthly installments of not less than $200.00. (Crim. Dkt. No. 433 at 6.) The Text Entry accompanying the amended judgment stated that Defendant “shall pay restitution in the amount of $300,000.00 to the victims due immediately.” (Crim. Dkt. No. 433.) Defendant has a remaining balance of approximately $277,891.00. (Dkt. No. 10, Attach. 1.) In this civil action, the United States of America (“Plaintiff” or the “Government”) seeks to

garnish Defendant’s interest in a brokerage account to satisfy his restitution obligation. (Dkt. Nos. 1, 3.) As relevant here, on or about August 22, 2025, Defendant filed an exemption claim and request for hearing. (Dkt. No. 8.) More specifically, Defendant argues that he is in full compliance with the existing restitution order of this court and the Government’s current actions violate the existing order. (Dkt. No. 8 at 3.)

1 This matter was referred to the undersigned for a Report and Recommendation pursuant to N.D.N.Y. L.R. 72.3(f). The Government filed an opposition to Defendant’s objection and hearing request. (Dkt. No. 10.) The Government asserts the following two arguments: (1) Defendant has not set forth any basis, raised any specific objection, or asserted a claim of exempt property that would entitle him to a hearing to contest the writ in this matter as specified in 28 U.S.C. § 3202(d); and (2) in

any event, garnishment of the brokerage account is proper because (a) it is not subject to an exemption, and (b) the payment schedule set forth in the Court’s Amended Judgment did not bar further collection efforts by the Government. (See generally Dkt. No. 10.) On August 27, 2025, the undersigned issued a text order directing the parties to file supplemental briefing on or before September 8, 2025. (Dkt. No. 12.) More specifically, the Court asked the parties to address “what court order required Defendant to make full and complete restitution immediately as opposed to the schedule set forth in the Amended Judgment, which directed that payments begin immediately . . . in monthly installments of not less than $200.00.” (Dkt. No. 12 [citing Crim. Dkt. No. 433 at 6].) On September 8, 2025, the Government filed a letter brief in response to the

undersigned’s text order. (Dkt. No. 13.) The Government’s supplemental briefing asserted the following three arguments: (1) this Court’s text entry accompanying the Amended Judgment set forth that restitution was due immediately; (2) restitution is a statutory lien that automatically attaches notwithstanding any payment schedule; and (3) there has been a material change in Defendant’s economic circumstances and Defendant has failed to notify the United States or this Court pursuant to the stipulated agreement and 18 U.S.C. § 3572(d). (See generally Dkt. No. 13.) To date, Defendant has failed to file any supplemental brief as directed. (See generally docket sheet.) For the reasons that follow, the undersigned recommends that the request for a hearing be denied and a final garnishment order be issued. II. DISCUSSION “The Mandatory Victims Restitution Act [“MVRA”] is one of several federal statutes that

govern federal court orders requiring defendants convicted of certain crimes to pay their victims restitution.” Lagos v. United States, 138 S. Ct. 1684 (2018). Under 18 U.S.C. § 3663A(a)(1) and (c)(1)(B), any offense “in which an identifiable victim or victims has suffered . . . pecuniary loss” must result in a court order that “the defendant make restitution to the victim of the offense.” 18 U.S.C. § 3613(a) allows the Government to enforce a sentence of restitution against “all property or rights to property of the person fined.” To this end, 28 U.S.C. § 3205(a) permits courts to “issue a writ of garnishment against property . . . in which the debtor has a substantial nonexempt interest and which is in the possession, custody, or control of a person other than the debtor, in order to satisfy the judgment against the debtor.” Because these provisions are

“broad,” they indicate “that Congress meant to reach every interest in property” possessed by defendants. United States v. Nat’l Bank of Com., 472 U.S. 713, 719-20 (1985). In effect, “the Government, in seeking garnishment, steps into the defendant’s shoes, ‘acquir[ing] whatever rights [he] himself possesses.’” United States v. Shkreli, 47 F.4th 65, 73 (2d Cir. 2022) (quoting Nat’l Bank of Com., 472 U.S. at 725). In addition, the Fair Debt Collection Procedures Act, 28 U.S.C. § 3001, et seq. (“FDCPA”) provides remedies for the Government to collect a judgment on a debt including restitution and criminal fines. See 28 U.S.C. §§ 3001(a), 3002(3). 28 U.S.C. § 3202 states, (d) Hearing.--By requesting, within 20 days after receiving the notice described in section 3202(b), the court to hold a hearing, the judgment debtor may move to quash the order granting such remedy. The court that issued such order shall hold a hearing on such motion as soon as practicable, or, if so requested by the judgment debtor, within 5 days after receiving the request or as soon thereafter as possible. The issues at such hearing shall be limited— (1) to the probable validity of any claim of exemption by the judgment debtor; (2) to compliance with any statutory requirement for the issuance of the postjudgment remedy granted . . . . 28 U.S.C. § 3202(d).

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