Craig Wright – Self-Claimed Satoshi Sued For $5 Billion Fraud $ Forgery

The Self-Proclaimed ‘Bitcoin Inventor’ Accused of Fraud

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  • Craig Wright sued for $5 Billion Fraud $ Forgery.
  • He no longer claims to be the bitcoin inventor.

Florida: The self- proclaimed “Satoshi Nakamoto” and chief scientist of nChain, Craig Wright, has been charged with $5 billion fraud case. The suit was brought to the United States District Court of the Southern District of Florida by the estate of Dave Kleiman.

Dave Kleiman, now dead, was a computer scientist and cyber-security expert, whom many believe to have been one of the developers behind Bitcoin and the Blockchain technology.

The case claims that Craig and Dave were both into the business of bitcoin mining. But after Dave’s death, Craig allegedly forged and backdated some documents to make it look as though Dave gave up all his shares. Their union had mined between 550,000 to 1,100,000 bitcoins. The documents which surfaced on Reddit revealed that the plaintiff holds that Craig has stolen thousands of Bitcoins from David Kleiman’s estate, which worth over $5 billion in today’s rate.

Also read: Bangkok Bank Suspends Account of Thai Digital Asset Exchange (TDAX)

The document also claims that Craig acknowledged that Kleiman’s friends and family were not aware initially of the wealth he accumulated. An according to the official case, Craig took advantage of this and “forged a series of contracts that purported to transfer Dave’s assets to Craig and/or companies controlled by him. Craig backdated these contracts and forged Dave’s signature on them.”

The document further revealed that after Dave’s death on April 26, 2013, Craig Wright contacted Kleiman’s estate and revealed that he and Dave had worked together to develop Bitcoin and Blockchain.

According to the plaintiff, Craig Wright alleges that Dave had signed away any right to resulting wealth or intellectual property in exchange for a non-controlling and non-operational share in an Australian company. According to the estate, Craig estimated the share to be worth “millions”, and informed the Kleiman’s estate that he would be able to sell off the share on the estate’s behalf within few months.

Actually this was a lie, because the company went bankrupt after Craig misled the Australian Taxation Office (ATO). In late 2015, Australian police searched Wright’s home, but Wright escaped to the UK from Australia.

Till date, the Kleiman’s estate states that Craig hasn’t given back any of the bitcoins or the intellectual property rights to the Kleiman’s estate. The lawsuit is therefore “brought to rectify that injustice.”

The plaintiff is seeking compensation for the intellectual property in addition to the 5 billion Bitcoin fortune.

Though, Craig Wright no longer claims to be the “Satoshi Nakamoto”, and the lawsuit does not seek to define or discover the identity of that individual, however, the proceedings may need that identity to be established so as to find a definite ruling.

As regarding the lawsuit, Craig Wright only issued a one-word statement on Twitter:

The case is Ira Kleiman v. Craig Wright, No. 18-cv-80176, U.S. District Court for the Southern District of Florida.


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