Crypto Mining CEO Asks 11th Circ. To Lift SEC Asset Freeze

By Ivan Moreno (September 2, 2022, 4:39 PM EDT) — A Brazilian crypto mining promoter accused of fleecing traders out of $62 million in a yearslong scheme has urged the Eleventh Circuit to vacate an order that froze his property, arguing that the decrease court docket that granted the federal government’s request lacks private jurisdiction over him as a result of he has not acquired a summons or grievance.

Luis Capuci Jr. argued within the submitting Thursday that the U.S. Supreme Court and appeals courts have held that to have private jurisdiction over a defendant, “the prerequisite of service of course of should first be glad.”

“In the context of the preliminary injunction, the Supreme Court and…

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https://www.law360.com/whitecollar/articles/1527058/crypto-mining-ceo-asks-11th-circ-to-lift-sec-asset-freeze

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