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Craig Wright Fails To Disclose Bitcoin Holdings After Court Order, Might Face Sanctions Soon

Craig Wright has failed to disclose his Bitcoin holdings as on 12th December 2013, after a court in Florida ordered him to do so in May this year. This could make Wright liable to strict action by the court if the show causes notice demanding the reason for failure to disclose his BTC funds is not answered sufficiently. The information was posted by Lawyer Vel Freedman of the law firm Boies Schiller Flexner.

If Wright fails to satisfy the court, he is expected to face serious charges for contempt. The holdings were to be disclosed in a suit filed by the estate of David Kleiman, Wright’s deceased partner in the W&K Info Defence Research LLC. David’s daughter and estate representative, Ira Kleiman has accused Wright of stealing several hundreds of thousands of Bitcoins held by David and/or by W&K Info Defence.

The court had asked Wright to be present in person in the court, rejecting his application to allow presence by video conferencing or via mediation. On June 17, Wright submitted a few documents which were restricted by the judge on the behest of Wright’s request.

Failing to show his Bitcoin holdings also makes for evidence proof that Wright is not Nakamoto, no matter how much hard he tries the world to convince. The only thing which he will achieve is an embarrassment. In the case in question, he is accused of theft of Bitcoins which did by faking the signature of the deceased and solely acting on behalf of the company, without any approval from the deceased’s estate.

After his failure to submit the holdings, the plaintiff has requested the court to direct Wright to reveal the identity of the current and past trustees and beneficiaries of W&K Info Defence Research. The order which came out in May stated,

On or before May 15, 2019, at 5:00 p.m. Eastern time, Dr. Wright shall produce all transactional records of the blind trust, including but not limited to any records reflecting the transfer of bitcoin into the blind trust in or about 2011. The production shall be accompanied by a sworn declaration of authenticity.

Wright has clearly failed to comply and is having a hard time to maintain the claim of being Nakamoto, and the legal fence is closing on him.

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Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

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