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The case of Craig Wright versus Ira Kleiman has now been resumed after the former backed out of a non-binding agreement that was recently put in place. Wright’s reneged as he reportedly couldn’t pay the 500,000 BTC that was ordered by the court.
The case first started in 2018 when Ira Kleiman sued Wright for $10 billion on the grounds that he was trying to seize the Bitcoin holdings of Dave Kleiman – the plaintiff’s deceased brother. Wright and Dave Kleiman were business partners but the former supposedly pulled some strings behind the scene to defraud the latter’s estate, CoinDesk reported.
Magistrate Judge Bruce E. Reinhart sanctioned Wright in August after it was found that the dubious actor wasn’t completely honest with how much Bitcoin is in his possession. It’s believed that the holdings amount to 1.1 million Bitcoins, which is valued just north of $9 billion going by the current price of the cryptocurrency.
Wilson’s deposition
The entire case was supposed to be settled in a non-binding agreement and both parties were working to draft the necessary documents. However, just a month and a half during the process, Wright didn’t cooperate with the plaintiffs and it was reported that he could no longer meet the settlement process, opting to break the non-binding agreement with prior notice. Due to this, the case will proceed on March 30, 2020.
On Nov. 8, Roche Freedman – the legal counsel of the Kleiman estate – will acquire the deposition of James Wilson. Wilson was the overseer during a time when Wright supposedly sold the companies’ interest to Dave Kleiman with Bitcoin as payment.
Wright tries to hinder Wilson’s testimony
Wilson has agreed to the deposition and will be brought over from Australia to Washington D.C. for the process. Meanwhile, Wright’s team is trying to hinder the deposition on the grounds that they haven’t received the 14-day notice for an out-of-state testimony that’s required by law. It remains to be seen if the accused will agree to the deposition and this development will move forward sometime next week, Crypto Slate reported.
As for Wright’s claims that he’s Satoshi Nakamoto – the creator of Bitcoin itself – Magistrate Reinhart found no concrete proof that the two entities are one and the same. This – along with Wright trying to hinder Wilson’s deposition – adds more doubt to Wright’s credibility, which is already in question due to his previous actions.
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