After a joint motion was submitted on July 25th, the trial date in the securities fraud case involving Dan Putnam has been pushed out to at least 2023.
The joint application cites the complexity of the case as the justification for the proposed postponement.
Around 19,000 bitcoin transactions have been involved in this complicated issue.
There have been no developments in the ongoing settlement talks between the Parties. The Parties would rather spend their time and money trying to reach a settlement than conducting any more discovery at this time.
Using Ponzi schemes like Modern Money Team and others, the SEC claims Putnam (right) and co-defendants Angel A. Rodriguez and Jean Paul Ramirez Rico stole at least $12 million from investors.
Richard T. Putnam, Putnam’s father, is a relief defendant in the lawsuit. He is 78 years old.
The hearing was continued to June 7, 2023, after the court approved the application on July 27.
To what extent the parties are able to achieve a resolution in the meantime is unknown.
“Not inclined to allow further extensions of the case schedule,” the court stated.
Meanwhile, Putnam is hard at work dreaming up new multi-level marketing opportunities. So far, B-Eco and Against All Odds have been highlighted as new debuts by BehindMLM.
We infer that Putnam is also supporting Govvi based on statements made in the exclusive agreement.