Last week his lawyer Devon Kemp applied for interim name suppression but Judge Lummis declined this.
However, she gave Sosaiete seven days interim name suppression to allow time for an appeal of the decision.
Kemp later advised that Sosaiete would not be appealing Lummis' name suppression decision.
Sosaiete has been remanded in custody until February 1 next year.
Detective Senior Sergeant Steve Anderson said last month a man drove the victim from a Methuen Rd address in New Windsor to a nearby ATM and forced them to withdraw cash.
The man's vehicle was spotted by the police eagle helicopter on Stoddard Rd and failed to stop after officers were deployed.
Not long after, the man collided with another vehicle driven by a member of the public at the intersection of Richardson and Maioro Roads.
Pictures show the front of a BMW completely smashed in with debris strewn all around it while it appears a Mercedes Benz has crashed through a fence.
"The offender then attempted to run from the scene, but was quickly apprehended by attending staff," Anderson said.
The victim received minor injuries and was taken to hospital with an arm injury, Anderson said, and the member of the public driving the other car sustained minor injuries in the crash.
