Shipchain, Founded by John Monarch, Gets Shutdown via SEC Enforcement Action

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John Monarch’s co-defendant, Karl Steinborn, was held liable for $3.1M for his role in the blackmail and subsequently committed suicide on Richard Gorman’s birthday in 2016.

The USA Herald will continue to report on the upcoming trial of John Monarch, the SEC action that shut down Shipchain, and further legal proceedings related to the aforementioned parties.   This includes several alleged delay tactics by Monarch as the walls start to close in on him.

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