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by nullc 1143 days ago
"never wrestle with a pig – it gets mud all over you and the pig likes it". It would probably be just about as effective as piling cash and a wheelbarrow and lighting it on fire.

For whatever their motivations they already seem to be intentionally racking up their legal bills as high as they possibly can. Some have suggested that since in the UK it's possible for non-attorneys to own firms that this could be used to launder money (Wright's known sponsor spent a decade on a DHS most wanted list for money laundering), though I've seen nothing but speculation. ... whatever the reason they clearly don't mind spending on litigation.

If you win anything they won't pay-- they already have an unpaid judgement against them for ~$140 million dollars in Florida-- their latest gambit in that case has been to announce Wright's wives are actually the plaintiff, that they've fired the plaintiff's attorney and appointed their own. ( Probably a good place to read was the real plaintiff's ultimately unsuccessful motion to strike the fake one's appearance https://storage.courtlistener.com/recap/gov.uscourts.flsd.52... the entire docket there is confusing now because you have to scroll to the bottom of each brief to find out if its the real plaintiff or the fake plaintiff).

Wright himself almost certainly couldn't pay-- he has no known source of funding except from extracting money from sponsors via his creator of Bitcoin fiction. Losing cases in and of itself hasn't made him stop or even really slowed him down. Engaging with him in civil court at all is necessary to prevent the personal ruination of his targets, but doesn't seem like a likely path to make him quit.

1 comments

What do you mean by in UK non attorneys can own firms? Of course anyone can own a firm here. I think I'm missing something.
Historically, In the US ethics rules have mandated a law firm may not be owned by a non-attorney nor have fee sharing agreements with non-attornies. There has been some recent push away from that, but e.g. when they attempted it in California the legislature stepped in: https://www.advocatemagazine.com/article/2022-november/new-c...