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In a message dated 8/7/2018 3:40:53 PM Eastern Standard Time, 

stmangiaracina@aol.com

writes: 

 Sent Via Email & Overnight Delivery 

 Hon. Laura Taylor Swain 

 U.S. District Court S.D. N.Y. 

 500 Pearl Street 

 New York.N.Y. 10007 

 Dear Judge Swain: 

 My name is Stephen T. Mangiaracina. I recently sent you emails on behalf of my family, 

regarding the above on June 27,2018, June 15,2018 and May 17,2018. Please see below. I also 

copied to the Court correspondence sent to the Willke ,Farr,& Gallagher.,LLP. law firm on July 

2,2018. 

 I write to you after reading the attached copy of the August 2,2018 Cate Long Twitter blog 

notice. It is a request to delay again a decision date by the Court, from August 4.2018 to 

September 12,2018, on the validity of Cofina and the sale of its bonds, backed by sales tax 

revenues of the Commonwealth of Puerto Rico. 

, 

 What should first be determined is whether the present actions of the Agents who are both 

controlled by the Oversight Board, are legal and ethical. In my opinion I respectfully say "No". 

Much of what has to be said,I addressed in my earlier correspondence. Kindly refer. 

 As to Cofina, the Willke Farr & Gallagher LLP law firm was retained by the Oversight Board 

only to give the Court an advisory argument in the now submitted summary judgment motion 

supporting the validity of Cofina. Cofina is presently not part of the Commonwealth bankruptcy. 

It remains ready,willing and able to meet all its obligations to its sales tax bond holders but for 

the stay. My family opposes the firm doing anything that includes claiming to act on behalf of 

Cofina to effect a "settlement" that would be contrary to our interests. The caption on the motion 

before you states that the Commonwealth is the plaintiff and the defendant is Cofina.The caption 

also states that the Oversight Board represents the Commonwealth. 

 Willkie Farr argued for the defendant, which as an independent corporation is not now part of 

the Commonwealth bankruptcy proceeding. While being on the payroll of the Oversight Board, 

Case:17-03283-LTS Doc#:4215-15 Filed:11/13/18 Entered:11/13/18 12:08:37 Desc:

Exhibit August 7 2018 Letter to Judge Swain Page 1 of 3
which would gain what the sales tax bond holders would lose in "settlement", Willkie 

Farr would have to work to bring Cofina, a corporation independent of the Commonwealth, into 

the bankruptcy proceeding,along with its bond holders. It is not retained by, nor did it represent 

Cofina. Thus it is acting at the behest of its client Oversight Board which is acting in the interest 

of the Commonwealth. The Commonwealth and its unsecured creditors have opposing interests 

from that of the Cofina bond holders whose interests are secured by the sales taxes 

 The unsecured creditors,already in the Commonwealth bankruptcy proceeding,with their legal 

counsel are in it to settle their claims with the Oversight Board.The Oversight Board does not 

have the authority/standing to orchestrate a plot to take control of Cofina,which is not in the 

bankruptcy proceeding and then going after secured sales tax bond holders like my family,also 

not in the proceeding, to approve a predetermined "settlement" agreement. 

 In a business setting, what the Oversight Board is doing,through its attorneys and Agents, 

would be defined as tortious interference with contract. In the present environment,sales tax 

bond holders are defenseless and thus must rely on this Court to protect us. All I can do is write 

letters to the Court . We should not have to watch as an outcome is manipulated so as to deny us 

due process. What is going on should not be allowed to take place. As I wrote to the Court in an 

earlier letter, sales tax bond holders do not have the deep pockets and organizational capacity to 

fight against this farce that has been created to drag us into the bankruptcy proceeding 

 I respectfully ask the Court to render its decision and remove the stay sua sponte.Thank you. 

 Stephen T. Mangiaracina 

 5 Salem Road 

 Hilton Head Island,Sc 29928 

 Tel. 843 785 5800 

 843 785 4100 

Case:17-03283-LTS Doc#:4215-15 Filed:11/13/18 Entered:11/13/18 12:08:37 Desc:

Exhibit August 7 2018 Letter to Judge Swain Page 2 of 3
Cate Long @cate_long Aug 2

Agents for Puerto Rico govt & Cofina bondholders ask Title lll court to allow them to continue 

negotiating Cofina settlement past Aug 4 deadline. Req new dealine of Sept 12. Appears that 

agents dont have sufficient bondholders on board yet (pg 4) 

https://drive.google.com/file/d/14hsz0aTGF1CS3EKS15F104lzYYAUZBql/view?usp=sharing 

... #muniland

Case:17-03283-LTS Doc#:4215-15 Filed:11/13/18 Entered:11/13/18 12:08:37 Desc:

Exhibit August 7 2018 Letter to Judge Swain Page 3 of 3