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Fed up Ottawa residents win secret suit to freeze the crypto wallets funding Canada’s ‘Freedom Convoy’ protesters
Fortune ^ | February 18, 2022 | YVONNE LAU

Posted on 02/20/2022 10:22:37 AM PST by MinorityRepublican

Yesterday, a group of Ottawa residents won a private class action lawsuit to freeze at least 146 cryptocurrency wallets and bank assets tied to the main organizers of Canada’s “Freedom Convoy” in a bid to stanch funding for the ongoing demonstrations.

Known as a Mareva injunction, the lawsuit was filed by Ottawa residents Zexi Li, Geoffrey Devaney, and the Happy Goat Coffee business against key convoy organizers including Chris Barber, Benjamin Dichter, Tamara Lich, and Nicholas St. Louis. The hearing was held in private without public notice or access, lawyer Paul Champ who represents the residents bringing the suit, told The Star, a Toronto-headquartered Canadian newspaper. Li earlier this month won an injunction which barred protesters from honking their horns in downtown Ottawa.

The suit is unprecedented for the country, as it’s the “first time in Canada that a Mareva injunction [has] ever been used to freeze cryptocurrency,” says Matthew Burgoyne, a crypto- and blockchain-focused partner at Calgary-based McLeod Law. He added that the injunction was a powerful legal “remedy which can have significant consequences for a defendant.” The defendants weren’t given advance notice of the suit, says Champ.

Champ, who hired a private investigator and cryptocurrency expert, found that the organizers’ crypto movements outpaced the government’s attempts to track them.

Under the injunction, the named defendants, and those affiliated with them, are restricted from moving fiat and cryptocurrency assets in the bank accounts and cryptocurrency wallets specifically named in the suit. The respondents must now respond to the court and “submit to an examination under oath” regarding their assets and what the assets have been used for. The Mareva injunction is only used when there’s a “high risk” that the defendant will “dispose, encumber or…remove its assets from the jurisdiction during the course of litigation,” says Burgoyne.

(Excerpt) Read more at fortune.com ...


TOPICS: Canada
KEYWORDS: assets; canada; convoy; cryptocurrency; fundraising
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To: Alas Babylon!

Hey man! How’s things?

I don’t think I was EVER in danger of dying.

The dangerous stuff (lungs) went away pretty fast.

Just the INTENSE bodily pain and inability to move was in a word, horrific.

But would I get the vax if I could go back in time? Nah.

Got nothing against folks who want to get it and do get it.

Just dont want it forced on me.


41 posted on 02/20/2022 10:47:47 AM PST by dp0622 (Tried a coup, a fake tax story, tramp slander, Russia nonsense, impeachment and a virus. They lost.)
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To: Dutch Boy

The government cannot freeze a crypto wallet. The can certainly limit the ability to exchange to dollars and move through the banking system.

People seem to toss around banking terms with crypto. They are two very different systems.


42 posted on 02/20/2022 10:48:08 AM PST by Vermont Lt
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To: dp0622

Haven’t seen you in a while. Good to see you. Hope you are enduring the encroaching tyranny well.


43 posted on 02/20/2022 10:48:10 AM PST by Lazamataz (The forces of fascism and oppression are on the move in North America. We cannot let tyranny stand!)
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To: dp0622

Being a fat #### is what likely made it so much worse for me.

Little bugger virus hides safely in the fat and causes issues.

+++++++++++++++++++++++++++++++

I saw an explanation recently of how this works (no link - if I can find it, I’ll post it to you) .... you would be correct in your assumptions!

Glad you are better & life goes on! Best ... ~Q


44 posted on 02/20/2022 10:48:24 AM PST by Qiviut (🍊 #standup "Don't let your children die on the hill you refuse to fight on.")
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To: Sarcazmo

Exactly! My reference is James 1


45 posted on 02/20/2022 10:49:06 AM PST by Jan_Sobieski (Sanctification)
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To: MinorityRepublican

“Defendants” who weren’t invited to the party are now obligated to participate in the sentencing phase. Those aren’t defendants, they’re victims.


46 posted on 02/20/2022 10:49:13 AM PST by Billthedrill
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To: MonicaG

:)

I have finally gotten over 2020 election and will be here quite a bit more than the last year or so.

I wanted WAR.

Now I realize that was not realistic at the time.

It may be some day.

I hope not.

Hope you have been well! :)


47 posted on 02/20/2022 10:49:34 AM PST by dp0622 (Tried a coup, a fake tax story, tramp slander, Russia nonsense, impeachment and a virus. They lost.)
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To: srmanuel

It appears that leaving crypto in an exchange which is subject to government orders, sorta defeats the whole point of having crypto in the first place.


48 posted on 02/20/2022 10:52:16 AM PST by SauronOfMordor (A Leftist can't enjoy life unless they are controlling, hurting, or destroying others)
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To: SauronOfMordor

...sorta defeats the whole point of having crypto in the first place.

Depends on why you are holding it??


49 posted on 02/20/2022 10:53:56 AM PST by aMorePerfectUnion (Fraud vitiates everything.)
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To: rayincolorado

At least it’s not Australia. There is a lot more private gun ownership in Canada. Their government is “cruisin’ for a bruisin’”.


50 posted on 02/20/2022 10:54:01 AM PST by cuban leaf (My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
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To: MinorityRepublican

“the lawsuit was filed by Ottawa residents Zexi Li, Geoffrey Devaney, and the Happy Goat Coffee business”

So three people file a lawsuit and Fortune writes a headline to make it sound like it’s everyone in Ottawa.

These propagandists are despicable to the core!


51 posted on 02/20/2022 10:54:10 AM PST by aquila48 (Do not let them make you "care" ! Guilting you is how they control you. )
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To: MinorityRepublican

Canucks, bugger off.

At least one crypto has already told Can-Guv’mt to pound sand — “we do not have funds and we do not have ID beyond eMail. Impossible to seize $$”

Apparently Canadians would-be tyrants are as clueless on how crypto works as they are on freedom and free speech.


52 posted on 02/20/2022 10:54:44 AM PST by bobbo666 (Baizuo)
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To: aMorePerfectUnion

I use it to launder all my drug money. 🤣😂🤣


53 posted on 02/20/2022 10:55:00 AM PST by cuban leaf (My prediction: Harris is Spiro Agnew. We'll soon see who becomes Gerald Ford, and our next prez.)
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To: BiglyCommentary

From what I understand the government has no control over the crypto wallets. What they are controlling are the owners, making them swear under oath they are not using or transferring crypto. They can lie and would only be sanctioned if the crypto recipient snitched on them.


54 posted on 02/20/2022 10:55:31 AM PST by Ajnin (Don't be a pansy, embrace the fireball.)
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To: ought-six

“The truckers should just go on strike.”

I said that about a week ago on this site and was almost run out of town. Was not a very welcomed statement at the time.


55 posted on 02/20/2022 11:03:06 AM PST by Singermom
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To: MinorityRepublican

Most crypto wallets can’t be frozen by design.


56 posted on 02/20/2022 11:05:14 AM PST by Jewbacca (The residents of Iroquois territory may not determine whether Jews may live in Jerusalem.)
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To: cuban leaf

Yeah, then you want a private crypto wallet!


57 posted on 02/20/2022 11:06:05 AM PST by aMorePerfectUnion (Fraud vitiates everything.)
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To: MinorityRepublican

Does the Happy Goat well on line? If so don’t buy their products. Boycott.


58 posted on 02/20/2022 11:06:59 AM PST by JoJo354 (JUST SAY NO to covid vaxx!)
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To: SauronOfMordor

Exactly, you have to think a lot of the crypto exchanges are for the most part run by Silicon Valley liberals who have no issue crushing anything rightwing in their businesses.

The next logical step is to go after any business that exchanges bitcoin for US Dollars.

Bitcoin or other cyrpto currencies are of no use to anyone that doesn’t accept them for payment or exchange them into something like USD or some other currency.


59 posted on 02/20/2022 11:07:04 AM PST by srmanuel (`)
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To: Ajnin

Umm....yeah - I don’t think this works as they seem to believe. These aren’t “accounts” held by an institution. Nobody can stop crypto transactions.

I think they’re making a claim of victory before the reality is understood.


60 posted on 02/20/2022 11:07:05 AM PST by fuzzylogic (welfare state = sharing of poor moral choices among everybody)
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