John Monarch, Shutdown by the SEC, Has Links to $100M+ Alleged Bank Fraud Scheme

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Resolved to stop John Monarch from hurting more people, Pennsylvania businessman Richard Gorman has vigorously pursued John Monarch for the past 7+ years.    Gorman, who helped contribute to this article, was the victim of a blackmail that is alleged to have been carried out by John Monarch, an unnamed co-defendant, and Karl Steinborn (who was held liable for $3.1M and subsequently committed suicide on Gorman’s birthday in 2016).

Monarch, in an act of self-preservation, outed an alleged co-defendant in discovery just months before going to trial.  This of course occurred right after admitting to destroying his phone and computer equipment that was requested for years in discovery.

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Why would John Monarch, a computer scientist accused of a blackmail, ignore a preservation letter that demanded he not destroy his electronic equipment?    Monarch’s best friend and co-defendant, Karl Steinborn, openly admitted to destroying his electronics in the lawsuit after receiving the preservation letter.