Chris Principe’s motion for entry of default rejected (OneCoin)
Chris Principe’s defamation case against Tim Tayshun continues, with the latest seeing a motion for entry rejected and filed answer to Principe’s complaint.
Less than twenty-four hours after the deadline to respond had passed, Chris Principe’s attorney filed for an entry of default with the Court Clerk.
The deadline to respond, as cited in Principe’s motion, was August 2nd. The motion for an entry of default was filed on August 3rd, the same day Tayshun filed a response to the complaint.
On August 4th the Court Clerk rejected Principe’s motion because ‘the name of the person served does not exactly match the person named in complaint‘.
Principe was given the option of refiling but evidently chose not to.
Waiting less than 24 hours to file a motion for entry of default reveals that Principe might not intend the case to go to trial.
Typically (as witnessed in the many MLM related lawsuits I’ve covered over the years), a plaintiff will wait at least a month before filing for an entry of default.
The courts are pretty lenient with response deadlines, although longer delays typically require an explanation (and even then if the defendant has shown a good faith effort to respond judge’s are again pretty lenient).
In any event with an answer now filed Principe now finds his lawsuit progressing towards trial.
Tayshun’s response to Principe’s lawsuit is a mixture of admitting facts in Principe’s lawsuit, citing a lack of knowledge to respond to a number of allegations and denying the remainder.
Tayshun explicitly denies ‘OneCoin is a cryptocurrency or competitor to BitCoin‘ and raises fourteen affirmative defenses:
- protected speech
- good motive-fair comment
- public figure
- lack of malice
- substantial truth
- lack of damage caused by defendant
- failure to mitigate damgaes
- unclean hands
- justification and
- punitive damages unsupported
Chris Principe meanwhile continues to kick self-goals against his professional reputation.
As per OneCoin promotional material, Principe is set to share the stage with convicted felon Tom McMurrain and other OneCoin investors later this month:
In his complaint against Tayshun, Principe claimed he’d never received compensation from OneCoin LTD or Ruja Ignatova. Whether Principe receives compensation from any of OneCoin’s numerous shell companies is unclear.
I imagine however it’s only a matter of time before discovery reveals how Principe is being paid to appear at OneCoin events.
And how Principe intends to argue professional reputation defamation in court when he’s running around the world promoting a Ponzi scheme will certainly be interesting, but I digress.
On August 7th Judge Staton set a Scheduling Conference for September 29th. A Joint Report must be filed between 14 and 21 days prior to that date and will likely be our next update on the case.
Update 14th October 2017 – In various orders made on October 10th, the following dates have been set:
- Final Pretrial Conference – 5th October, 2018
- Jury Trial – 30th October, 2018
- Mediation Panel to take place no later than 7th August, 2018
OneCoin affiliate recruitment has collapsed, meaning it’s unlikely the Ponzi scheme will be around in a year.
This casts serious doubt on whether Principe will be able to see the case go to trial (no point losing in court when you can quietly settle and pretend it never happened).
Update 12th April 2018 – As per a March 30th agreement, a settlement between Chris Principe and Tim Curry has been reached.
Chalk 1 up for Tim Tayshun. Keep up the good fight my friend! Onecoin and scammers going down!
Principe loses round One.
Delighted that the judge has (will) ruled out the default and assume the case will either now go to court to fully contest or alternatively Principe will back off and Tim can counter sue -including costs and damages.
The successful outcome of this case will have benefits for other cases which may be upcoming in the next months.
Similarly, the template and outcomes deriving can be used by litigants who want to sue their uplines for mis-selling -we are all watching this space and a focused concerted programme will hasten the end.
Remember all you who choose to use the law against the truth-be careful what you wish for!!!
Finally, Onelife has announced a gala dinner /conference in Lisbon at the beginning of October which Arens will be hosting (no mention of Ruja at this point).
I wonder if they will repeat last years October Initiative and multiply the coins 60 fold without any devaluation of the coin -you can do that fairly easily when there are no coins -that is education for you OneCoiners -that is real learning.
Hopefully the last supper for the hots or should we say an early Christmas?
principe must have thought he’d scare tim tayshun off and get a default judgement.
seeing that he’s still promoting onecoin, i suspect he’s going to withdraw his case, citing some cowardly excuse about having no time to waste on trolls and that all he wants to do is spread onecoin ‘education’.
PRINCIPE TO BE COUNTERSUED!!!!!!!
I imagine that Principe (onecoin) will not want to get tested in Court and as you say some lame excuse will develop. This leaves Tim to countersue or gain a default judgment against Principe and maximum publicity.
I imagine he will just try and string it out as long as possible.
I don’t have my notes with me to refer to immediately, but I believe Principe may have spoken at a OneLife Event in Vietnam, in which video exists of him promoting it there (if not Vietnam, similar region – will check)
The following appears to be concerning an investigation by Ho Chi Minh City Police (although I’m relying on Google translate accuracy if the story is actually theirs):
(They) label it a scam, of course, and state that the IPO is a lie, from what I can ascertain.
*raucous cheers for Tim Tayshun!*
Great news from AGCM / Italian Competition Authority aka Antitrust.
Sanctions imposed against the companies ONE LIFE NETWORK LTD (€ 2,000.000) and ONE NETWORK SERVICES LTD (€ 500,000).
Thanks for the heads up!
The image in the article shows Principe booked for yet another OneLife Event: Aug. 25-27, 2017: This is a PAID EVENT with tickets costing up to 7,500,000 Vietnamese Dong ($330 USD) each. So, how does that work?
Per my comment #5 above, I was right. He was just there on January 7th of this year speaking at yet another OneLife Network Event and promoting Onecoin, of course.
Additionally, he promotes his magazines: Fin-Future (*which features Onecoin and One World Foundation advertisements, as well as stolen/ or unauthorized content from David & Dominic of IOTA, and reknowned FIN-Tech economist, Chris Skinner; and who knows if anyone else?); and of course the now infamous Financial IT (REPRINT ISSUE).
You know …the only two magazines he publishes, which feature on TWO of their covers the criminal, Ruja Ignatova, whom with her father plead guilty to and were convicted on 24 counts of FRAUD last April, 2016 in German Courts – for embezzling money from their own employees, embezzling money from their suppliers, fraudulent accounting practices, fraudulently bankrupting their metal casting company, Waltenhoffen Gusswerks GmbH.
And did I forget? The same criminal who established Crypto Real Investment Trust (CRIT), which managed the funds for BigCoin and Propser Club, resulting in massive losses for their investors?
*expect more details on Principe’s unauthorized use of material soooon! 😉
Chris “I’ve-never-been-paid-by-Onecoin-Ltd.-or-Ms.-Ruja-Ignatova” Principe in Vietnam PROMOTING ONECOIN AGAIN, a year after first announcing his 1st Ruja cover VIDEO: youtube.com/watch?v=NvEq1S6X8BA
Journalist Jamie Redman of bitcoin.com interviewed me about Onecoin and about Chris Principe’s lawsuit. Needless to say, I delivered the interview, as well as supporting documentation. Bitcoin.com found it so interesting they are releasing it in Parts(!)
@Oz – BMLM is mentioned favorably by MLM attorney Kevin Thompson in relation to your never-ceasing work at taking down major ponzi scams.
Here’s the investigative interview: news.bitcoin.com/part-deux-onecoin-buyer-beware-the-definitive-ponzi-expose/
Bingo! Great article. Thank you Jamie and Tim.
Hope a lot of people will spread the article everywhere…
Thanks for the support Tim.
LATEST CHRIS PRINCIPE LAWSUIT COURT UPDATE
Article updated with 2018 court dates.
Thanks for the update. Well, Chris PonziPaid picked the wrong person to F with! I’m being sued for defamation for calling him a “Ponzi Pimp” (he is) and a “Paid Shill” (he is).
Not only will I prove BOTH of these things, but I will further mop the floor worth him by calling him a SERIAL SCAMMER now too!
I’ve received a lot of support in this case (as you may imagine) and am uncovering a can of worms on this PAYOUTS SHILL, PONZI PIMP, SERIAL SCAMMER (add this entry to the list, Chris. Let’s see how that works out for you, you piece of shit).
Through Trade Solutions Group and the numerous “MoonLearning” and other various affiliate websites which TSG set-up and Registered to enable the funneling of Ponzi victims investments, Principe (AKA: “PonziPaid” [yeah, that’s right! So sue me again, dick!]) was directly involved in establishing the Money Laundering and Wire Fraud aspects of this scam.
Particularly for channels originating from USA, Canadian and Japanese victims where Securities Laws do not mince words on DEFINITIONS (which clearly define Onecoin as an illegal Ponzi and pyramid fraud scam.
Furthermore, according to inside intelligence shared through and verified between “Anonymous Collective” (yep! The international ‘hacker group;’ whom happen to be HUGE crypto-enthusiasts!!) and inside channels into the fraud organization (oh brother, this sounds so Gerlach,” Lol!), I have come to find out that amongst approximately 25 (!!) present and former Onecoin cheaters (…I mean “Leaders”), whom Principe met with in London around the beginning of May (right before afterward flying to Sweden to attend yet another scam indoctrination-training event, albeit this time possibly only as a participant [and to beg for money for his expensive attorney and frivolous lawsuit; from scammers whose bottom line myself and team had presumably affected), some prominent names pitched in to financially support his case (which was devised by Onecoin Leadership in the first place).
Juha Parhiala and Tom McMurrain were allegedly two of the 25 who donated good money. BUT MORE SPECIFICALLY, according to sources, Moyn Islam pledged SPECIFICALLY 25,000!!(whether euros or dollars was unclear, but that is exactly and specifically the number according to my source [are you reading this Principe and Kaplan, you scrum bags!?!
Hopefully that’s not in your Business, Personal, TSG, or Coinbase account, cause I’m subpoena’ing ALL FOUR, you kook bastard, and I’ll find more, you Ponzi pimp bastard!!!]
Disclaimer: I’ve never been a smart “HOLDer” despite having been in this space nearly half a decade. I’ve generally used “dollar cost averaging” methods to hold crypto through dips and buy stuff or sell some small amounts (although I’ve given away WAY MORE bitcoin than I’ve ever saved!).
In this manner, if bitcoin (and other crypto prices) went up, say 30-50% or so, I’d purchase some T-shirts or swag, effectively getting it at a third or half off.
I wouldn’t even be considered “an investor,” just a market participant “having a little fun and playing with it. THAT SAID, this dickhead SCAMMER has caused me to dip into the small pot I DO have of crypto savings, in order to retain an attorney Team (who accept crypto as payment, by the way!).
So this fact PISSES ME OFF, in that despite my campaign to expose Onecoin scammers, I’ve now become a victim of them, myself.
Having followed, studied, researched and reported on this scam and EVERYTHING EVER PUBLISHED ABOUT IT (in every language on earth) since March 28, 2015, there is NO ONE WORSE whom Principe could have chosen to pick a fight!!
That idiot was never even a principle focus of mine until he forced out through his actions! And now I’m not only building my defense against him, but am DEEPLY RESEARCHING his every connecting to these scammers, which even leads to Nigel Allan, Rune Evenson and some of the most notorious Ponzi criminals operating in MLM over the past decade!
And I have now A FULL YEAR to build that defense (as well as turning over my findings to Law enforcement and The Department of Justice, both locally and internationally).
JUSTICE IS COMING!