Scott Chandler has no selection however to show over his bitcoin, following denial of a Movement for Reconsideration.
Chandler had filed the movement in response to an injunction ordering him to give up held bitcoin to the FTC.
In his movement, Chandler argued new proof exhibiting a few of his bitcoin was obtained via “reliable cryptocurrency buying and selling” warranted reconsideration.
In an October twenty third order, the court docket disagreed and located
the problems raised by Chandler throughout the Motions have been already raised in Chandler’s Objections and regarded by the Court docket.
Chandler subsequently fails to current any new proof worthy of the Court docket’s reconsideration.
Fed up with Chandler’s stalling, the FTC additionally filed a present trigger for contempt listening to movement on October sixth.
The regulator alleged that by not handing over his bitcoin, Chandler was in violation of the preliminary injunction beforehand granted towards him.
By order issued on October twenty third, the FTC’s present trigger movement has been referred to a Justice of the Peace Choose for a report and suggestion.
As I perceive it the denial of Chandler’s reconsideration movement will imply he has no selection however handy over his bitcoin, or danger doubtlessly heavy contempt penalties.
No ruling but on the stipulated order relating to Thomas Dluca’s deleted emails. Keep tuned…
Replace thirty first October 2018 – The stipulated order relating to Thomas Dluca’s emails was accepted by the court docket on October twenty ninth.
Chandler’s further movement for a keep on his handing over bitcoin was denied the identical day.
Individually on On October twenty fourth, the FTC withdrew its Movement for Order to Present Trigger towards Louis Gatto.
Like Chandler, Gatto initially refused to adjust to the granted injunction.
I don’t see another purpose than cooperation for withdrawal of the FTC’s movement, so we are able to safely assume Gatto has now recognized held belongings to the FTC as required.