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| February 22, 2019

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Denies Archives -

Tabloid CEO’s lawyer denies National Enquirer tried to extort Amazon’s Jeff Bezos

February 10, 2019 |

The National Enquirer committed neither extortion nor blackmail by threatening to publish intimate photos of Amazon CEO Jeff Bezos, an attorney for the head of the tabloid’s parent company said Sunday.

Elkan Abromowitz, an attorney for American Media Inc. Chief Executive David Pecker, said on Sunday…

L.A. Times – Business


Saudi-led coalition denies supplying Houthis, al Qaeda-linked fighters with US weapons in Yemen

February 10, 2019 |

The Saudi-led coalition fighting in Yemen on Saturday denied supplying Iranian-backed Houthi militia and al Qaeda-linked fighters with US-made weapons, according to a report from Saudi state media. – RSS Channel – World

Foxconn denies it’s scrapping LCD TV production at its new Wisconsin plant

January 30, 2019 |

Foxconn Technology Group is rethinking — but denying it will scrap — plans for a Wisconsin factory intended for the production of cutting-edge liquid-crystal display panels. The factory was part of a promise by the Taiwanese company to create 13,000 jobs in the U.S.

Foxconn, best known for assembling…

L.A. Times – Business

Judge Denies Craig Wright’s Motion to Dismiss Billion-Dollar Bitcoin Lawsuit

December 28, 2018 |

Judge Denies Craig Wright's Motion to Dismiss Billion-Dollar Bitcoin Lawsuit

On Dec. 27, court documents from the case against the Nchain chief scientist, Craig Wright, explained a large portion of his recent dismissal motions were found “not warranted” and were denied. Wright is being sued for 1.1 million BTC in a legal case in Florida that alleges he manipulated David Kleiman’s family.

Also Read: Many Self-Proclaimed Bitcoin Inventors and Satoshi Clues Were Debunked in 2018

The Lawsuit Against Craig Wright for 1.1 Million BTC Moves Forward

According to case 18-CV-80176 Kleiman v. Wright filed in South Florida, Craig Wright is accused of allegedly interfering with David Kleiman’s bitcoin assets after he died. Kleiman’s family believes David and Wright played a role in the early days of Bitcoin and possibly created the technology. This assumption was bolstered back when Kleiman, a forensic computer investigator was featured with Wright in tech publications such as Wired and Gizmodo, because they too thought the duo were possible Satoshi suspects.

Judge Denies Craig 'Satoshi' Wright's Motion in Billion-Dollar Bitcoin Lawsuit
Judge Beth Bloom says Craig Wright still must respond to counts I, II, V-IX in a legal battle seeking 1.1 million BTC.  

Kleiman died in 2013 with very little money after fighting with MRSA, a bacterium infection that spreads in different parts of the body. His brother Ira Kleiman alleges Wright of plotting to “seize Dave’s bitcoins and his rights to certain intellectual property,” according to the legal documents filed last February. Kleiman’s estate is suing Wright for approximately 1.1 million BTC ($ 3.9 billion) or the coin’s fair market value and damages associated with IP theft.

Judge Denies Craig 'Satoshi' Wright's Motion in Billion-Dollar Bitcoin Lawsuit
David Kleiman, computer security expert, an author of multiple books and a noted speaker. Kleiman has been named as one of the members of the Satoshi Nakamoto group theory. 

Wright Accused of Grifting the Kleiman Family and Transferring David’s Bitcoins to Various International Trusts

Nchain’s Craig Wright and his legal representation, Rivero Mestre LLP, attempted to dismiss the case earlier this year. Wright’s motion emphasized that Kleiman’s lawsuit was full of “supposition, speculation, conflicting allegations, hearsay, and innuendo.” The decision published on Dec. 27 explains the Florida district Judge Beth Bloom has granted Wright’s motion to dismiss counts III, and IV. However, Wright must answer to counts I, II, V-IX of the amended complaint and he has until Jan. 10, 2019, to respond. For instance the 40-page court document states:   

[The] court finds that plaintiffs have sufficiently alleged a claim for conversion — The Amended Complaint alleges that defendant converted at least 300,000 bitcoins upon Dave’s death and transferred them to various international trusts, was an unauthorized act that deprived the plaintiffs of the bitcoins therein — Accordingly, plaintiffs’ claim for conversion (Count I) survives defendant’s motion to dismiss.

Judge Denies Craig 'Satoshi' Wright's Motion in Billion-Dollar Bitcoin Lawsuit
Allegedly the above photos are fraudulent signatures using David Kleiman’s name to transfer funds to various international trusts. “In reality, this signature appears to be a near identical copy of a computer-generated font called Otto,” the billion-dollar court case states. 

The Kleiman complaints further allege that Wright took advantage of a family who didn’t know too much about the technology. According to the lawsuit, the Kleiman family was unaware of certain property and IP assets that existed. Allegedly, Wright reached out to Dave’s elderly father 10-months after he passed and said, “he was not seek[ing] anything other than to give [him] information about [his] son, and offering to help the Kleiman family recover what Dave owned.”  

Judge Denies Craig 'Satoshi' Wright's Motion in Billion-Dollar Bitcoin Lawsuit
An email of promises to the Kleiman family allegedly written by Craig Wright according to the plaintiff’s evidence.

The Amended Complaint also says that Wright promised shares to David’s family for a company called “Coin-Exch” and detailed the shares were “worth millions.” Wright is also accused of “several fraudulent omissions and misrepresentations” to the Kleiman family and related to the property and assets David may have owned. Judge Bloom explains that the Eleventh Circuit Court of Appeals has not decided on whether or not bitcoins are considered “money.” But Bloom emphasized the court still takes alleged victims and injury that occurs on home soil very seriously.   

“This controversy concerns a Florida company, regarding Florida assets (bitcoins mined in Florida) and intellectual property developed by a Florida company, where both the injured parties are Florida citizens,” Bloom’s decision states. “Therefore, the Southern District of Florida undeniably has a strong interest in adjudicating a case in which its residents claim that harm was committed against them.”

The court documents assert that with counts I, II, V-IX still standing, Wright has not met his “heavy burden” against the opposing Kleiman estate and “dismissal on forum non-conveniens grounds is therefore not warranted.”

What do you think about the case against Craig Wright? Let us know what you think about this legal matter concerning 1.1 million BTC in the comments section below.

Images via Shutterstock, Pixabay, Google, Wiki, Pacer, and Florida case 18-CV-80176.

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The post Judge Denies Craig Wright’s Motion to Dismiss Billion-Dollar Bitcoin Lawsuit appeared first on Bitcoin News.

Bitcoin News


Carlos Ghosn: Court denies request to extend detention of ex-Nissan chairman

December 21, 2018 |

A Japanese court on Thursday rejected prosecutors’ request to extend the detention of former Nissan Chairman Carlos Ghosn, setting the stage for the possible release of the top auto executive. – RSS Channel – World


Opposition leader Corbyn denies calling UK PM May a ‘stupid woman’

December 20, 2018 |

British lawmakers erupted in fury on Wednesday after opposition leader Jeremy Corbyn was accused by Conservatives of calling Theresa May a “stupid woman,” amid continuing political deadlock on Brexit. – RSS Channel – World

Google CEO backs privacy law, denies bias in remarks to Congress

December 11, 2018 |

Google Chief Executive Sundar Pichai backed privacy legislation and denied the company is politically biased, according to a transcript of testimony he plans to deliver to Congress on Tuesday.

“I lead this company without political bias and work to ensure that our products continue to operate that…

L.A. Times – Business

Nigeria President Denies Being Replaced by Clone

December 3, 2018 |

Barack Obama had ” Birthers ” to contend with when he was president. Nigeria’s President Muhammadu Buhari has Deathers. At a conference in Poland Sunday, the leader addressed persistent rumors that he had died and was replaced by a lookalike or a clone, reports Reuters . “It’s real me, I assure you. I…


Pusha T Denies Approving ‘F**k Drake’ Graphic During Camp Flog Gnaw Show

November 12, 2018 |

Pusha T appeared to be trolling his rap rival when a “F**K DRAKE” graphic showed up during his show at Camp Flog Gnaw … but PT says kill the messenger, figuratively speaking. Push was performing at Tyler, the Creator’s music fest Saturday in…


Hong Kong denies entry to UK journalist

November 10, 2018 |

A senior British journalist denied a work visa by the Hong Kong authorities was barred from entering the city as a tourist Thursday, in the same week a talk by exiled Chinese dissident writer Ma Jian was canceled, raising new fears over press freedoms in the semi-autonomous Chinese city. – RSS Channel – World