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

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Earlier this year Monarch had found himself in default due to his lawyers legal errors.  Last month the judge presiding over the case against Monarch in South Carolina set the case on trial, stating that it should be tried on the “merits.”

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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