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 huobi.com related to Huobi Global Ltd., Capital Usage Ltd., Wade Press UK Ltd.
Celso De Azevedo instructed by Giambrone Law obtained 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.
