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ARTICLE · 19 OCTOBER 2023

Breaking News - First Default Judgment Where The Claimant Is Based Abroad

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The High Court granted the first default judgment in a claim relating to an alleged Bitcoin fraud perpetrated by fraudsters based abroad; the defendants are, an individual...

United KingdomTechnology
Joanna Bailey
Joanna Bailey
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The High Court granted the first default judgment in a claim relating to an alleged Bitcoin fraud perpetrated by fraudsters based abroad; the defendants are, an individual known as both Alan Bart and A. Philpott who is associated with FCA Automatic and Capital Usage and persons unknown involved with a crypto wallet at quogi.com related to Quogi Global Ltd., Capital Usage Ltd., Wade Press UK Ltd.

Giambrone & Partners LLP instructed Celso De Azevedo, of Enterprise Chambers to obtain the judgment related to a worldwide freezing order against the foreign fraudsters on behalf of our Italian client, this demonstrates that the English courts will act to protect foreign victims of fraud where there is sufficient connection to England and Wales. This is a significant development and brings the possibility of the recovery of funds lost to fraudulent investment schemes perpetrated by fraudsters based abroad.

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