Lawyer Archives -
Jussie Smollett getting off scot-free is bad news for R. Kelly, because prosecutors might be itching for a big win … so worries the singer’s lawyer. Steven Greenberg tells TMZ … the outcome of Jussie’s criminal case in Cook County — in which…
Rashad James tells the Baltimore Sun that what happened to him March 6 in a Harford County, Md., courthouse was “surreal.” But he has now gathered his wits and hired his own legal team, which is calling the incident an example of “lawyering while black.” Per NBC News , James, an…
A meeting between R. Kelly’s alleged “sex slave,” Azriel Clary, and her family wasn’t dictated by the singer himself, nor was it his fault the whole thing fell apart … so says his lawyer. Clary was supposed to meet with her family — for the first…
The Australian man accused of massacring 50 people in two New Zealand mosques has decided to represent himself, according to the duty lawyer he was assigned after his arrest. Richard Peters, the New Zealand system’s equivalent of a public defender, tells the New Zealand Herald that Brenton Tarrant seemed “quite…
Market making and over-the-counter trading firm GSR Markets is taking legal action against lawyer Diana McDonald, who is accused of pocketing $ 2 million from a $ 4 million BTC transaction in which she acted as an escrow.
GSR Markets Sues Lawyer Over Missing $ 2 Million
Hong Kong-based GSR Markets is taking legal action against a lawyer who was to act as an escrow in a $ 4 million BTC escrow transaction gone awry. According to the plaintiffs, GSR sent BTC to them in exchange for $ 4 million that was sent to the trust account of a lawyer designated to act as an escrow, only to have $ 2 million returned to them and receive no cryptocurrency.
GSR asserts: “Valkyrie [one of the defendants] promised that it would provide Bitcoin to GSR Markets ]in exchange for $ 4 million. In reliance on that promise, GSR Markets wired $ 4 million” to the defendant.
GSR claims to have been acting as a broker for Alivia Corporation in seeking to carry out the transactions, alleging that on January 3, 2019, the “Plaintiff wired $ 4,000,000 into the account, expecting that it would immediately receive 1,000 [BTC] from the sellers. Based on that expectation, GSR Markets shorted those 1,000 [BTC], based on a purchase price of $ 3,635 per [BTC].”
Lawyer Claims No Wrongdoing
In addition to claiming that it failed to receive any BTC and is currently owed $ 2 million, GSR asserts that it lost approximately $ 380,000 in the process of unwinding its short position.
The plaintiff is asking for injunctive relief, and accuses McDonald and McDonald Law of breaching fiduciary duty and fraud. GSR is also suing Wells Fargo, the bank providing the account into which the funds were deposited, for “aiding and abetting fraud.”
McDonald has responded to the accusation, claiming that she has not acted improperly and that her fiduciary duty ran only to the seller and not the buyer in the transaction. McDonald asserted that a portion of the funds was used to “unlock” a BTC wallet and that the plaintiff “confirmed delivery of 2,000 ‘non-spendable’ [BTC].”
What is your response to the suit between GSR Markets and McDonald? Share your thoughts in the comments section below!
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Michael Cohen turned over documents to the House intelligence committee on Wednesday that show edits to a false written statement he gave to the panel in 2017 about a Trump real estate project in Moscow, the AP reports. Cohen provided the documents in a closed-door interview with the panel, according…
With one tweet, a big victory for one of the subjects of Netflix’s Making a Murderer has been revealed. “We Won!!!!!! Back to the circuit court,” Steven Avery’s lawyer, Kathleen Zellner, posted Monday afternoon, announcing the news that her most high-profile client had won his motion to appeal from the…
Chicago police say they have no information to suggest the reported attack on Empire ‘s Jussie Smollett was staged, as ABC7 reported Thursday. “We have no evidence to support their reporting and their supposed CPD sources are uninformed and inaccurate,” spokesman Anthony Guglielmi says in a tweet . Already circulating , the…
The former Apple executive who enforced the company’s insider-trading policies was charged criminally with violating those rules by allegedly dumping over $ 10 million in stock before the company announced it missed a metric for iPhone sales.
WSJ.com: US Business
A former top Apple Inc. lawyer who was in charge of Apple’s insider-trading policy has been accused by the U.S. Securities and Exchange Commission of avoiding $ 382,000 in losses by trading on inside information.
Gene Daniel Levoff, who until last year was Apple’s senior director of corporate law,…