Share this article
Craig Wright Challenges Court Order Criticizing His Evidence in $4B Kleiman Case
Wright objected after a judge dismissed his attorney-client privilege over weak evidence.
Updated Apr 10, 2024, 2:52 a.m. Published Mar 26, 2020, 3:40 p.m.
Craig Wright has objected to a court order dismissing his attorney-client privilege in an ongoing legal battle over a fortune in bitcoin (BTC).
STORY CONTINUES BELOW
On March 23, Wright filed his objection with the U.S. District Court of Southern Florida in an ongoing case brought by Ira Kleiman, brother of the late David Kleiman who was a former business partner of Craig Wright.
Wrightsaid the order "erroneously disregarded the attorney-client relationship" between the defendant (Wright) and his attorney, based on "preconceived conclusions of the defendant's character."
The case hinges upon whether Wright can prove his ownership of 1.1 million bitcoin (worth around $7.5 billion) held in the so called "Tulip Trust" – a massive encrypted trove allegedly mined with Kleiman. The Kleiman estate is suing Wright for half the bitcoin as well as intellectual property.
After a mysterious "bonded courier" failed to arrive with the keys early in 2020, Wright told the court he is unable to prove his access to the trust due to attorney-client privilege.
Earlier this month, presiding District Magistrate Bruce Reinhart dismissed Wright's argument and apparently questioned the lawyer's existence.
According to a March 9 filing, Wright had presented a declaration stating: “I am lawyer [sic] and obtained my bachelor of law degree in 2007 from Moi University in Kenya.” Reinhart said he also introduced "a printout of a LinkedIn profile that reflects Mr. Mayaka having a Bachelor of Laws degree from Moi University," and asserted that Mayaka is counsel to the trust.
Also read: Messages Proving Wright Created Bitcoin Likely ‘Faked,’ Developer Testifies
“I decline to rely on this kind of document, which could easily have been generated by anyone with word processing software and a pen,” Reinhart said.
The judge found last summer that Wright had argued in bad faith, committed perjury and admitted false evidence during the case.
According to Wright, the latest order "improperly relied on prior conclusions about [the] defendant that were unrelated to the existence of an attorney-client relationship and, in so doing, ignored the fundamental and bedrock principle of our legal system."
Wright has notoriously said he is the inventor of bitcoin, Satoshi Nakamoto, but has yet to provide conclusive evidence to support the claim.
Read Craig Wright's filing in full below:
More For You
Fintech and Crypto Firms Seek Bank Charters Under Trump Administration: Reuters
Financial technology and crypto firms are increasingly applying for state or national bank charters, despite the community’s historical resistance to centralized banking.
알아야 할 것:
- Fintech and crypto firms are increasingly applying for bank charters, anticipating a more favorable regulatory landscape.
- Becoming a bank allows firms to accept deposits and lower borrowing costs but brings stricter oversight.
- Regulatory bodies have historically approved few new bank charters, though recent signals suggest a more streamlined process.
Top Stories
