TRO denied in BitConnect Florida class-action
After the granting of a Temporary Restraining Order (TRO) against BitConnect in the Kentucky class-action, a Judge denied the same motion in Florida.
On February 5th Defendants Charles Wildes, Franciso Doria, Akiva Katz, James Gurry, Ronald Nelson and Justin Perry filed a motion for an ex parte TRO and on February 8th the motion was denied.
In his order Judge Middlebrooks stated the Plaintiffs had ‘failed to show that immediate and irreparable injury, loss, or damage will occur before Defendants are given an opportunity to respond‘.
Judge Middlebrooks noted that the Plaintiffs can file for a preliminary injunction after service has been effected.
Defendants BitConnect and Ryan Maasen are already the subject of a TRO in Kentucky. Joshua Jeppsen, Glen Arcaro, Trevon Brown known as Trevon James, Ryan Hildreth, Craig Grant and Nicholas Trovato known as CryptoNick are free to continue dissipating ill-gotten gains.
As noted in the Kentucky order, the TRO against BitConnect and Maasen was granted because
the rights of the Plaintiff and the Class will be immediately and irreparably harmed absent a TRO,
The entry of a TRO is in the public interest because the public is interested in preventing massive consumer fraud and other securities violations described in the Class Action Complaint.
Also, in the Kentucky’s case BitConnect and Ryan Maasen were given until February 23rd to disclose
(a) all Bitcoin and other cryptocurrency wallet addresses,
(b) all cryptocurrency trading account addresses, and
(c) the identity of the holder/owner of any wallet or cryptocurrency address to which Defendants have transferred any Bitcoin or other cryptocurrency in the past 90 Days, so that these assets can be monitored and traced.
A preliminary injunction will be heard on February 27th.