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

According to Gorman “There will be a trial.  It will be very public.  And any result less than the forfeiture of all of Monarch’s assets to me will be considered, in my opinion, as a grave miscarriage of justice.”

John Monarch was contacted prior to the release of this article for comment and did not respond.

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3/13/18 ALERT!   Forbes takes down Shipchain article after discovering it was allegedly illegally paid for by Shipchain and/or someone at John Monarch’s direction.   The paid Forbes article touted Shipchain was a “revolutionary” company that is one of a “handful of blockchain platforms poised to do things even the Internet couldn’t accomplish.”  

*5/16/18 ALERT!  South Carolina Man Links to $100M+ in Alleged Scams – CLICK TO READ

*5/28/18 ALERT!   John Monarch’s cryptocurrency company, Shipchain, served with Cease & Desist order by South Carolina Attorney General

*7/28/18 ALERT!  South Carolina Attorney General issues a seemingly ominous order after vacating Cease & Desist:  “It does not and should not be interpreted to waive any future causes of action which may be brought as a result of any securities activities of the Respondant (Shipchain), whether detailed in the Administrative Order to Cease & Desist or Not.“