Crypto developer Hogg named in US lawsuits
Troy James Hogg has been named in two lawsuits filed in Los Angeles.
The complaints allege breach of contract and fraud, with one brought by film producer Tommy Alastra, who is seeking damages of at least $200,000.
The second complaint has been brought by Chicago Seven Holding Company LLC, and Cross Creek Media LLC, and seeks compensation for damages of at least $2 million.
Jury trials are being demanded in both complaints, which have been filed at the Superior Court of California in the county of Los Angeles.
Mr Hogg, a Canadian, is a defendant in both cases, and at last check did not have an attorney listed on the court documents. The Royal Gazette tried to contact Mr Hogg for comment, but was unable to reach him.
The filings have been made at the Stanley Mosk Courthouse in central Los Angeles. The court cases were first reported by Offshore Alert.
Mr Hogg’s connection to Bermuda is through Bermudian-registered Arbitrade Ltd, a cryptocurrency exchange and mining company that in October 2018 acquired Victoria Hall, on Victoria Street.
Mr Hogg created the concept and was an early developer of the project that became Arbitrade. He was a major shareholder and consultant for the company.
The US lawsuits do not involve Arbitrade.
• It is The Royal Gazette’s policy not to allow comments on stories regarding court cases. As we are legally liable for any libellous or defamatory comments made on our website, this move is for our protection as well as that of our readers.
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