The USA Herald will continue to cover this lawsuit and any forthcoming actions.
Disclaimer: Richard Gorman contributed to this article and has a financial interest in the USA Herald. Both John Monarch and the alleged co-defendant are named as defendants in separate but connected actions. The action against the co-defendant has been resolved and it is expected that testimony will be presented against John Monarch further implicating him in the blackmail of Richard Gorman.
While the Securities and Exchange Commission has brought an action against Monarch, the FBI has neither confirmed nor denied that they are investigating Monarch or his co-defendant.
