Monarch, shortly before admitting to destroying key evidence in the case, pointed his finger at his alleged co-defendant (unnamed)Â in an attempt to shift the full blame of the blackmail.
John Monarch is facing a sanctions motion in the blackmail case in Greenville, South Carolina on January 4th. Â Additionally Monarch is facing a motion to compel the laptop he claims to have wiped clean in violation of a preservation letter he received in 2013.
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. Â This includes several alleged delay tactics by Monarch as the walls start to close in on him.
