After monitoring BitConnect defendant Craig Grant in Jamaica, the SEC managed to serve him on October twenty ninth.
Grant’s response to the SEC lawsuit is now per week overdue.
To serve Grant, the SEC engaged native counsel in Jamaica.
Final month Grant was tracked all the way down to Spanish City, a housing property west of Kingston.
As recounted in a supporting affidavit, right here’s how Grant’s service went down;
On October 20, 2021, I tried service on the (Spanish City) tackle, however as a result of this can be a gated neighborhood, I used to be denied admittance.
On October 21, 2021, at roughly 6:15 a.m., I used to be granted entry to the principle gate (at) the (Spanish City) tackle.
I left a replica of the paperwork to be served with … a safety guard.
The paperwork had been positioned in a sealed envelope addressed to “Mr. Craig Grant”.
On October 22, 2021 at roughly 9:45 a.m., I revisited the (Spanish City) tackle, was granted entry on the most important gate, and realized that Mr. Grant had not returned to his residence.
I positioned a replica of the paperwork to be served in a clear bag and affixed the paperwork to the gate that particularly results in Mr. Grant’s unit.
I adopted up with (the safety guard) on October 30, 2021, and she or he confirmed to me that Mr. Grant collected the paperwork affixed to the gate on October 29, 2021 throughout the night.
A November ninth case docket entry set a November nineteenth deadline for Grant to reply.
At time of publication Grant has so far failed to reply to the SEC’s lawsuit.
What this can sometimes result in is the SEC submitting for and finally securing default judgment.
As one in every of BitConnect’s prime promoters and defendant within the SEC’s lawsuit, Grant is dealing with damages, a civil penalty and disgorgement of “over $1.3 million”.
Grant had been importing movies of his life in Jamaica after fleeing there earlier this yr.
These movies stopped on October ninth.