John Monarch, CEO of Shipchain, Sued for Alleged Bitcoin Cryptocurrency Scheme

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Monarch’s co-defendant and one-time best friend, Karl Steinborn, was held liable for $3.1M in damages and subsequently committed suicide in 2016 on Gorman’s birthday.   The case against Monarch, which was originally filed in Federal Court in Pennsylvania, will be tried in Greenville, South Carolina.  Gorman has retained the state’s top litigators, Robert Goings and Kirby Shealy, to try the case.