Chris Principe settles OneCoin defamation lawsuit
With efforts to secure quick judgment knocked back and there not being much of a company left to fight for, it was pretty obvious Chris Principe’s OneCoin defamation lawsuit wasn’t going to trial.
Following the denial of an entry for default and harassment injunction, Principe’s defamation lawsuit was sent to mediation back in January.
On April 2nd a Mediation Report was filed, stating that ‘the case has been completely settled.‘
According to the Mediation Report, Principe and defendant Timothy Curry settled the lawsuit in full on March 30th.
On April 6th a joint Notice of Settlement was filed, which stated the parties ‘anticipate finalizing a long-form agreement by April 30, 2018‘.
On April 9th Principe’s case was dismissed, pending “consummation” of the agreed upon settlement.
As at the time of publication, details of the settlement between Principe and Curry have not been made public.
Update 9th August 2018 – The settlement between Chris Principe and Timothy Curry appears to have been executed, as evidenced by an August 6th motion to dismiss filing.
The motion was granted on August 7th, bringing Principe’s litigation against Curry to an end.
Without knowing the terms of the agreement, which I understand might never be made public, I find this epilogue more bitter than bittersweet.
If in the end Tim had to choose the lesser evil of paying in exchange for providing his public service, then the crooks have won.
Even if any compensation from Tim were small, it would still be in addition to all the psychological and financial stress of going to court.
And even something like OneCoin in its current state, in shambles, would have been able to pressure a public critic to silence. This sets a very bad precedent.
I very much doubt Curry paid a cent. He had the means to proceed to trial IIRC.
Pending details of the settlement being made public, which is unlikely, I imagine he just agreed to stop mentioning Principe and that’s pretty much it. I can’t see Principe pushing for much else given the details of his denied motions.
OneCoin has collapsed so there’s no point pursuing Curry. Hell, I wouldn’t be surprised to learn OneCoin stopped covertly funding Principe’s case too.
Like everything else OneCoin, this lawsuit was just theater. It will now quietly disappear like every other major OneCoin announcement over the years.
The lawsuit filed by Chris Principe was not about OneCoin but the loss of income when Skyway Capital pulled out of a deal with him and Chris claimed he lost money due to Tim’s postings about him.
What is somewhat amusing about this was Skyway Capital is as big of a Ponzi as OneCoin.
Funny how Chris could not see Skyway Capital was a Ponzi just like OneCoin. So much for Chris’ expertise.
No matter what the agreed conclusion was, it will most likely be secret. Thus OneCoiners can say that “they won”.
principe was denied the harassment injunction because the court found that tim curry may win on merit. from the court order denying the harassment injunction:
with the court having stated it’s slant^^ on the harassment/defamation issue, why would tim curry agree to shut up about principe at mediation?
if the case went to trial, principe would have the judge looking at onecoin’s business model and all the international legal troubles it’s been in, along with his own role in it.
i think tim curry would have had the upper hand in the mediation?
To save time and effort. OneCoin has completely collapsed since Principe filed the lawsuit, there’s no reason for either party to proceed to trial.
Tim agrees to stop mentioning Principe, Principe feels he’s got some resolution and Tim doesn’t concede anything of importance.
I think Tim can’t say this himself, but as far as I know he didn’t pay a cent to Principe or OneCoin.
Principe claimed last summer in a OneLife event that “we will win this case, stop him and go after all the other people [critisizing OneCoin].”
Well, Tim is still critisizing OneCoin, so that shows how it went for Principe and OneCoin.
Here’s the video where Principe proclaims “we will win that case, we will stop that particular person and then we will go after all the other people..”.
If Tim had to pay anything then it was a huge waste of time. Tim should counter sue for the frivolous suit that Principe dragged him into.
It’s sad to see that this case was ever in the courts in the first place, should have been thrown out and dropped.
Tim had to pay his own lawyer fees of course. Problem with Tim going legally after Principe alone, is that it’s not very big reward considering this whole OneCoin issue.
OneCoin doesn’t officially operate is US. OneCoin would just say that he doesn’t officially represent them.
It could never be proven, but it’s probably reasonable to assume that fact is behind the filing of Principes’ lawsuit in the first place.
It also explains why anti SLAPP legislation is slowly being introduced by so many US states.
April 18th is the round 3 of the OneCoin going public with no news about Phase 2 including the white paper and prospectus. Yet another deadlOne missed
^ April 18th is/was the round 3 of “Coin Offering”.
With “going public” OneCoin refers to October 8th when it claims the public trading of the coin starts.
Though I wouldn’t be one bit surprised if October 8th would be “postponed” as well.
onelife.eu inaccessible. Hm…
I know that the people here in USA received emails recently about how to get around the block placed on access from USA by using a proxy, etc.
I couldn’t help laughing. So pathetic.
I can’t believe there is still someone “in charge” that cares enough to send out emails to the sheep.
Ed Ludbrook in his “How To Spot a Crypto-Scam?” -article:
Guess where Principe is speaking next month: cryptokonf.com/speakers.html
We have Principe and Korbar listed as speakers. Unfortunately there is nothing to be done with this because if you check any of the contact info it goes directly to Korbar, which means he and his associates are behind this cryptokonf thing.
I talked with Korbar. He assured me that cryptoconf will not feature OneCoin and OneCoin/OneLife is not, and even couldn’t be a sponsor this year.
Nikola also recognizes that OneCoin has to deliver until it can be called real.
Imo OneCoin critics should not try to interfere here, as I feel it would be counter-intuitive especially when people like Nikola start to actually be more level-headed regarding OneCoin.
I’m not sure, but I suspect Korbar has some personal financial risk here, and it would be IMO assholish to try to disrupt this, especially when he is in my opinion recognizing a bit more realistic view about OneCoin now.
Host of the event is his fake news site Crypto Telegraph, also he is still considered a big supporter of OneCon so I really doubt he is taking a turn for the better.
On one of recent youtube appearances together with some real crypto experts he was defensive about Onecoin, a bit reserved, probably not to be that obvious and never mentioned his direct involvement with it.
At the end he didn’t miss to spill some positive things about MLM, and my real problem with the guy is that I can’t consider him any sort of an expert.
He was previously in Lyoness (have no info what was he doing before it), then promoted Onecoin, now he is crypto and forensic expert(?) with fake portfolios and fake institute. Every single thing about him just spells: FAKE.
Both Korbar and Principe should be called of what they really are: bunch of fake experts and ponzi pimps/apologists.
^ I really can’t disagree with you much, but I am seeing a more level-headed development in Nikola recently, and I have been interacting with him more or less for a long time.
I would like to see this positive development continue in him and give it a chance.
I’m in Twitter and YouTube a critic called CryptoXpose, so probably one of the more stricter critics of OneCoin, but in this case after talking with Nikola, IMO we should give him a chance here.
Yes I don’t like that Principe is there, but still.
Says a man (Anti MLM) who was telling everyone that I mine Ripple coins (no matter how that sounds silly), and who proclaimed me as top leader of Firstcoin in Serbia becuase some guy on FB tagged in his promo post about it (toghether with 50 othr people).
Thx CryptoExpose for letting me know about this post. You and Tim are guys that I’m always glad to talk to 🙂
Good to see you still keep the facade. I haven’t said anything about ripple, that was a comment by reader on my blog.
As for Firstcoin, I wrote that you switched to promoting it, considering you just left the message from “Taliban guy” (as you said) stay on your facebook wall.
Even when your pall Krnic wrote that document piece about Firstcoin, you just left it stay there.
Should I also mention how you are friends with people that promote and endorse ponzi schemes like now defunct ICI Finance and Jolly5 (in the middle of collapse)?
Why would an crypto and forensic “expert” be a part of closed ponzi facebook groups? Looking for first hand experience?
Seriously, deliver what?
You guys think this is still only about OneCoin? C’mon man!
Please tell me Tim isn’t dancing with the devil ‘again’.
Sorry Tim, but why do you keep engaging with MLMing Ponzi pimps? (If this is true) I don’t get it!
Did you not learn your lesson with Tom McMurrain?
Taking down OneCoin is USELESS if the same pimps move to other programs.Ask Lyoness victims that.
It’s the system, the action, and the pimps that need to be called out.
Char, I referred to the aspect that Nikola is according to my private disucssions with him, less a blind OneCoin promoter who would claim it will be the next greatest thing since sliced bread.
He is at least not publicly doing any crazy OneCoin promotion at the moment as far as I know.
To me it looks like he is trying to set up a conference with personal risk, which doesn’t involve MLM. Correct me if I’m wrong.
Now if you want a true crazy one, check Igor Krnic on his forum. The guy is seriously claiming there’s new OneCoin momentum, when all traffic data show traffic to all OneCoin “ecosystem” related sites plummeting.
That guy has lost all touch to the reality and is now 100% biased scam company guy.
I guess the company told him that a lot of money is coming in, so he can give his excuses why plummeting traffic to OneCoin sites is no problem.
Ofc he is trying to make a conference without involving MLM, he is literally copying from Ed Ludbrook script.
In case you missed it Ed is now marketing himself as Crypto Strategists. Former motivational speaker and MLM peddler now plays crypto expert game, and here we have former Lyoness rep doing the same thing.
The real aim of this conference is to give some merit to Principe and Korbar himself. Make them look like real experts, while both before Onecoin were nobody and nothing.
Year and half later now they are considered “experts”. Wow, what a sudden transformation.
Also, you have to ask yourself if this is a conference without MLM why give time to Principe? What is his expertise, and what is he gonna talk about?
How I joined and became a face of MLM scam coin?
Or maybe, how I sued a hater for calling me a scammer / ponzi pimp, promised in front of large audience to bring him down and then settled in court?
You have seen what Ed has written, that he was apparently conned by Ruja without naming her, and not saying anything bad about Onecoin.
He is repeating the same old MLM game: “Put the blame to the name” where is always some person guilty for the failure, either for “business opportunity” or “management decisions”.
Its never about the system designed to fail for majority of people or the concept that was an obvious ponzi scheme.
You can for sure expect the same from Korbar. Yes, he is obviously smarter then Krnic, as he started distancing himself from Onecoin long ago, almost at the same time as Ludbrook (after bank accounts got closed).
Unlike Ed, he stayed close but not too close. Not sure about Principe but I’m fairly certain he is also playing a similar game.
@AntiMLM: I’m not calling myself crypto expert (coz people need at least 10 years of active work in any field to be called experts).
My profile says professional 😉 Neither I’m claiming that I’m financial forensic expert, I have people who do that for more than 12 years. So your claims stand on really weak basis 😉
Also, I have more than 3000 friends on facebook, of which I personally know about 100, I usually accept everyone who send me invite without looking into it as I don’t spend a lot of time on facebook anyway.
My question to you is: who are you going to be? An anonymous nobody who hides behind pseudonyms and blogs, writing crap about everyone?
I distanced myself from MLM because very few people are interested in education, they mostly just repeat same sales pitches they learn on the first day. I don’t like working with people who don’t learn, but want to earn.
Also, I’m glad that I was in Lyoness (I still use their benefits as a buyer), as I met a lot of amazing people with who I remained a friend to this day.
You generalise all people in MLM to be criminals, frauds, cheaters and other worst slurs, while majority of people who join MLM are just users who reccomend to a few friends (because they are happy with product/service).
Every MLM usually falls because greedy leaders start snatching people from each others’ networks, and then the system begins to collapse – and they make the worst marketing a MLM can have.
People who are happy with a product / service recommend it to their friends for free. Knowing that their friend will get a good deal and respect their good judgment is reward enough.
They don’t scam their friends by persuading them to buy overpriced shoddy goods, either by applying emotional blackmail (“help me get my new small business off the ground”) or convincing them to join their downline (“I make xxx a month and you can too, buy this starter kit for a limited time only”).
All MLM products are overpriced and/or shoddy compared to non-MLM competitors, due to the multiple commissions that have to be priced in, along with the administration of said commissions. Consequently nobody recommends you an MLM product unless they are banging you up for commission.
Every MLM fails because all MLM products are more expensive or shoddier than non-MLM competitors, assuming they aren’t completely useless.
This means that while in the short-term you can sucker individuals into buying a shoddy overpriced good, in the long-term external demand collapses to zero, and the scheme reverts to standard pyramid scheme economics.
There is a limited number of people willing to join pyramid schemes, and when the supply starts to dry up, the participants start feeding on each other, like rats trapped in a barrel.
The cannibalism does not cause the collapse. The collapse causes the cannibalism.
You don’t have to call yourself an expert, there is enough number of sheeple that would do that for you. But I can for sure agree that you are professional.
A professional conman / scammer and manipulator. Lets not forget your famous institute of economic research for which you are sole owner and director, or your online entities digialmoneypulse and cryptotelegraph which you used to promote Onecoin.
Tell us what sort of economic research you have done so far, and who are your researchers ? What makes your digitalmoneypulse so good for others to invest into its lectures ?
I will answer that for you: there is absolutely nothing. Just one manipulator ditching his Onecoin pitch and sticking only to Cryptocurrency / Blockchain talk cause its hot news today.
Plenty of gullible people to suck out of their money now, whom have 0 idea about computers and internet, even less about crypto.
Same type of people that got lured into Onecoin thanks to you and your ponzi palls.
People join MLMs because they were sold to a dream of passive income, not because they have found themselves suddenly happy with the product of service.
Those are just blatant excuses from company officials aiming to defend their ponzi-pyramid scheme.
No MLM company ever did a marketing research or found there is a market for their products / service. No, they only came in order to find more fools to recruit, and more suckers to bleed of their hard earned money.
And you shouldn’t worry about me. I will still be here and on my blog to remind people of you and your colleagues that lured people into these sort of scams and left them dry.
I will also be there to point out what you do now and what have you done before, with purpose to warn everyone out there to never trust people like you, especially not with their money.
Article updated with dismissal of Principe’s lawsuit.