A South Florida District Court judge says David Kleiman’s estate has sufficiently alleged Wright may have stolen hundreds of thousands of bitcoins.
In the latest stage of an ongoing legal battle over Wright’s alleged theft of Bitcoin (BTC) from the estate of deceased crypto developer David Kleiman, a South Florida District Court judge denied an application to have the charges thrown out.
The case originally came to court in February, with Kleiman’s family alleging Wright stole up to 1.1 million BTC after he passed away.
After Kleiman’s death in 2013, Wright had contacted his estate, claiming to want to help dispose of the Bitcoin fortune.
Wright in part did so, but did not return the funds, the family says. In an amended lawsuit supported by judge Beth Bloom, a figure of 300,000 BTC is now circulating.
“The Court finds that Plaintiffs have sufficiently alleged a claim for conversion,” the court document confirms, continuing:
“The Amended Complaint alleges that Defendant converted at least 300,000 bitcoins upon Dave’s death and transferred them to various international trusts, which was an unauthorized act that deprived the Plaintiffs of the bitcoins therein. Accordingly, Plaintiffs’ claim for conversion… survives Defendant’s Motion to Dismiss.”
Wright has until Jan. 10 to respond to the counts which remain outstanding.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.