Beware of Craig Grant &SEC & BitConnect – Review

The SEC served BitConnect defendant Craig Grant on October 29th after finding him down in Jamaica.

Grant’s answer to the SEC case is now more than a week late.

The SEC hired local attorneys in Jamaica to represent Grant.

Grant was apprehended last month in Spanish Town, a housing development west of Kingston.

Here’s how Grant’s service was described in a supporting affidavit:

On October 20, 2021, I tried service at the (Spanish Town) location but was denied entry since it is a gated neighborhood.

I was permitted admission to the main gate (at) the (Spanish Town) location on October 21, 2021, at around 6:15 a.m.

I handed over a copy of the paperwork to… a security guard.

The papers were sealed in an envelope addressed to “Mr. Craig Grant.”

I returned to the (Spanish Town) location on October 22, 2021, at about 9:45 a.m., was permitted admission at the main gate and discovered that Mr. Grant had not returned to his house.

I placed a copy of the documents to be served in a clear bag and attached it to the gate that goes to Mr. Grant’s unit.

On October 30, 2021, I followed up with (the security guard), and she confirmed that Mr. Grant retrieved the paperwork fastened to the gate on October 29, 2021, during the evening.

Grant was given until November 19th to react, according to a court docket entry on November 9th.

Grant has not replied to the SEC’s case at the time of publishing.

This usually results in the SEC filing for and subsequently obtaining a default judgment.

Grant faces damages, a civil penalty, and disgorgement of “nearly $1.3 million” as one of BitConnect’s top promoters and a defendant in the SEC’s action.

Grant had been posting footage of his life in Jamaica, where he had fled early this year.

Those movies were removed on October 9th.

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