In this regard, the exchange filed a petition in California court on October 18 for receiving consent to secure the deposition proof of former vice president of TCA Bancorp., Rondell “Rhon” Clyde Monroe.
The company also solicits records of Monroe’s conversation with Crypto Capital staffers.
Bitfinex claims in its filing that Crypto Capital “has used one or more accounts held at TCA Bancorp to facilitate the transfer of funds” owned to it and hopes Monroe has data and records critical to their assertions to more than $850 million.
Bitfinex’ petition is yet another chapter in the continuing measures where it strives to get back $880 million of its money retained with the payment processor Crypto Capital. The funds were frozen by a number of government agencies.
In the meantime Bitfinex is also scrutinized by the New York Attorney General’s Office for supposedly utilizing a credit from its subsidiary Tether to conceal the frozen funds without revealing to clients.
Bitfinex stated in its petition that its affiliation with Crypto Capital functioned normally well up till April 2018 when media reported that funds held by Crypto Capital was confiscated by authorities in Poland because of money-laundering probe.
Back in August 2018, Bitfinex stated that Crypto Capital informed it that nearly $500 million of its amount in both Portugal and Poland were taken control by regulators in the two nations. The exchange further stated that after being put under pressure to reveal information regarding the frozen banking accounts, Crypto Capital gave a reference letter endorsed by TCA’s Monroe.
The letter awarded the custody of slightly more than $300 million of Bitfinex funds at TCA in support of a client called Global Trade Solutions AG (GTS), operating as “Crypto Capital.”
Bitfinex has petitioned to secure the deposition proof of Monroe and also records of his conversation with Ozzie Yosef, a chief at Crypto Capital Yosef’s sister Ravid Yosef; Reginald Dennis Fowler, a sole shareholder of GTS; and also Fowler’s son Trent Dennis Fowler, who is believed to be the documented holder for a minimum of one account utilized by Crypto Capital to obtain deposits from Bitfinex clients.
Notably, the US Department of Justice has indicted Reginald Fowler and Ravid Yosef on bank fraud charges related to a mechanism of depositing funds to cryptocurrency exchanges.