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

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BlankRome LLP and Kroll Investigative Services were retained by Gorman in Pennsylvania, where the case was originally filed, and were successful in tracing the blackmail back to Monarch & Steinborn, according to the lawsuit.    The lawsuit alleges that Monarch and Steinborn used the pseudonym “Ilya” and operated a blackmail site called PerformOutsider.com.   PerformOutsider.com prominently listed Monarch’s fulfillment business, Direct Outbound, in its advertising section. Additionally Monarch was PerformOutsider’s first follower on social media.

https://web.archive.org/web/20131127193502/http://www.performoutsider.com:80/

Timeline of Events

 

In November of 2013 Gorman would send out what he claims was an innocuous tweet about competition, which at the time Gorman did not know who John Monarch was and had never heard of Monarch’s company Direct Outbound.