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FatMan Confirms Joining Class Action Lawsuit Against Terra

Terra insider “FatMan” claims to join the class action lawsuit filed by the U.S.-based law firm Scott+Scott against TerraForm Labs, its co-founder Do Kwon, and affiliates. Moreover, “FatMan” also confirms preparing a class action against Do Kwon and Terra in another jurisdiction.

FatMan – Do kwon – Class Action Lawsuit

Terra insider “FatMan” in a series of tweets on July 26 confirmed joining the class action lawsuit Patterson v. TerrForm Labs Pte Ltd. et al. as a plaintiff along with lead plaintiff Nick Patterson.

“We will be joining the class action lawsuit filed in the US by the international law firm Scott+Scott. We are also preparing actions in another jurisdiction. We demand a fair trial to uncover all of TFL & Do Kwon’s wrongdoings and so that justice can take its course.”

FatMan
Do Kwon

The class action lawsuit was filed on June 17 by Scott+Scott Attorneys at Law LLP against TerraForm Labs, co-founder Do Kwon, head of research Nicholas Platias, and affiliated firms for violating the Exchange Act, the Securities Act, the Racketeer Influenced and Corrupt Organizations Act (RICO), and provisions of the California Common Law.

Where did the money disappear with Terra , was it a fraud or was it a real collapse , who or what are the culprits . Investors and governments have these questions in mind

RELATED : Battle Arena and OneRare Strategic Partnership

Until now, 3 class action lawsuits have been filed against TerraForm Labs, Do Kwon, Nicholas Platias, and affiliates in the U.S.  The Rosen Law Firm and Bragar Eagel & Squire have also filed similar class action lawsuits having the same defendants, tokens, and allegations.

As the lawsuits continue, it becomes difficult for terra to fulfill its promises, we will see what awaits terra in the future . They still have huge investors.

Fraud and Money Laundering

FatMan claims that Do Kwon has scammed thousands of investors and companies. He launders money through front companies and illegal ways. There are also lies and mistakes uncovered by the terra employees.

Recently, South Korea’s investigation team raided the home and offices of TerraForm Labs co-founder Daniel Shin, escalating investigations into fraud allegations against Do Kwon and TerraForm Labs.

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

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