A judge in South East Australia has now ordered the property to be sold. The property appears to have been purchased by the woman as a gift for her sister, who lives abroad, and gave all proceeds from the sale to the cryptocurrency company.
The alert story received international attention, especially after it was revealed that it took Crypto.com seven months to notice the error.
Katie Gregory, a spokeswoman for Crypto.com, wrote that the company could not comment “because the matter is in court.”
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In May 2021, the Supreme Court of Victoria heard that Crypto.com, which operates under a different company name in Australia, mistakenly transferred approximately $7.2 million to Thevamanogari Manivel instead of refunding approximately $68. The error occurred because the employee mistakenly entered the account number in the payment amount field, according to the court.
“Unusually, plaintiffs allegedly did not become aware of this material error until late December 2021, approximately seven months later,” the court said in its ruling. According to the background to the case released by the court, after investigating what happened in February, the company attempted to issue a freeze order on Manibel’s account to recover the full amount.
But Crypto.com said Manibel had already transferred most of the money to an account jointly held with another defendant who may have had a “romantic relationship” with Manibel, according to evidence heard in court. Manibel also transferred nearly $300,000 to his daughter, and in February sold real estate worth $925,000 in Craigieburn for his sister, Thillagawathy Gangadri, who lives in Malaysia. purchased.
About 20 miles north of Melbourne, the four-bedroom, four-bathroom mansion sits on over 5,800 square feet of land and features a private cinema, gym and two-car garage, according to the Australian website realestate.com.au. It has a parking lot.
Manibel and Gangadry’s attorneys were not named in the judgment.
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Since then, the Australian firm of Crypto.com has been involved in lawsuits against Manibel, Gangadry and six other defendants. In May, Judge James Dudley Elliott ruled in absentia in the case against Gangadry. That is, she did not file a notice of appearance by the deadline set by the court, and Elliott therefore ruled in favor of the plaintiff, her Foris GFS Australia Pty Ltd. Foris GFS Australia Pty Ltd. helps operate her Crypto.com trading platform in Australia.
The company’s lawyers apparently were unable to contact Gangadry, the court said.
Under a judge’s ruling announced last week, Follis GFS received all proceeds and interest from the sale of the Craigieburn property. According to the court, Gangadry was ordered to pay the company’s legal costs related to the lawsuit, plus 10% interest (approximately $19,000).
According to the Victoria County Court, Gangadry can appeal, but must show “good reasons for not filing papers, a valid defense to the lawsuit, and why the court should not have made the order.” The court date is October 7, and the judge will set the next step in the case with a so-called “instruction hearing.”