Arbistar class action lawyer calls for CEO to be detained ahead of trial
“It is unacceptable that in the face of a scam like this there hasn’t been a strong reaction on the part of the judicial authorities.” A lawyer representing users in one of four class-action lawsuits against Spain-based crypto trading bot developer Arbistar is calling for authorities to take “forceful” action against its CEO.According to a report from Spanish news outlet elDiario.es, lawyer Carlos Aránguez said that the response from authorities in regards to Arbistar CEO Santi Fuentes, who allegedly scammed users out of millions, does not match the severity of his crime. Fuentes has been....
Related News
The Arbistar case victims’ defense lawyer claims that the overall number of those affected amounts to 32,000 families with at least 93.4 million euros ($113.55 million) in losses. Lawyer in Arbistar Case Reveals Details on Class-Actions Lawsuits Against the Alleged Crypto Ponzi Scheme During an interview with Eldiario, Carlos Aránguez, a Spanish lawyer who represents 130 victims, pointed out that the magnitude of the disaster provoked by the alleged crypto Ponzi scheme Arbistar can be qualified as the “biggest computer scam” in Spain. Victims represented by the....
The idea of the Argentinean central bank asking local banks for information on customers who deal with cryptocurrencies is generating controversy in the local industry. A new chapter in this story has been written, as a local lawyer has filed a class-action complaint before a national court to overturn such a ruling. Argentinean Central Bank Measure ‘Violates’ Privacy Rights, Says Lawyer According to Victor Castillejo, an Argentinean lawyer, the “habeas data” complaint filed argues that the Central Bank of the Argentine Republic (BCRA) decision to ask such data is....
In a recent Twitter thread, renowned XRP community lawyer Fred Rispoli shed light on the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC). Rispoli’s insights suggest that the much-anticipated trial between Ripple executives Brad Garlinghouse and Chris Larsen and the SEC might never see the light of day. Ripple And […]
A class-action lawsuit filed in the Ontario Superior Court of Justice against the now infamous former Bitcoin exchange, Mt. Gox, and its owner Mark Karpeles, is to be dismissed, leaving many Canadian former exchange customers still without their stolen Bitcoins. Mutual agreement. In a notice released on the Charney Lawyers website, the solicitors representing those who filed the lawsuit said a decision was made by all involved parties to dismiss the class-action lawsuit on 17th June 2016, having come to a mutual agreement presumably over the terms of its dismissal. The implications of this....
Bitcoin-to-gold website Coinabul LLC is facing a serious federal class action alleging that it defrauded some of its clients. The leading plaintiff is Yazan Hussein, who claims he transferred 1,644.54 BTC to Coinabul last year, but did not receive the gold he ordered. The federal complaint was filed in Illinois on 25th July. It names Coinabul and its CEO Jason Shore as defendants. Hussein demands a jury trial. Hussein turned to Edelson law for representation, the same firm heading the Mt. Gox class action in the US. Chris Dore, a partner at the firm, told CoinDesk that Hussein reached out....