{"id":39912,"date":"2024-10-21T10:10:48","date_gmt":"2024-10-21T10:10:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/blockchain-com-executives-face-court-for-submitting-company-records-late\/"},"modified":"2024-10-21T10:10:48","modified_gmt":"2024-10-21T10:10:48","slug":"blockchain-com-executives-face-court-for-submitting-company-records-late","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/blockchain-com-executives-face-court-for-submitting-company-records-late\/","title":{"rendered":"Blockchain.com executives face court for submitting company records late"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1630671944998-f1bb5416-d97a-4506-9ae1-8d1742c4f5e3-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1630671944998-f1bb5416-d97a-4506-9ae1-8d1742c4f5e3-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1630671944998-f1bb5416-d97a-4506-9ae1-8d1742c4f5e3-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1630671944998-f1bb5416-d97a-4506-9ae1-8d1742c4f5e3-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">Nicolas Cary and Al Turnball received a summons from Companies House in May<\/li>\n<li aria-level=\"1\">Blockchain.com blamed the late filing on a restructuring of the company and a \u201csignificant reduction in the wider group\u2019s workforce\u201d<\/li>\n<li aria-level=\"1\">The company filed business accounts for the year ending 2020 in October<\/li>\n<\/ul>\n<p>London-based Blockchain.com is facing prosecution after two senior executives failed to submit company records on time.<\/p>\n<p><a href=\"https:\/\/www.telegraph.co.uk\/business\/2024\/10\/20\/founder-5bn-crypto-business-facing-prosecution\/\" target=\"_blank\" rel=\"noopener\">The Telegraph<\/a> reported that Nicolas Cary, Blockchain.com\u2019s co-founder and president, and operations executive Al Turnball received a summons by Companies House in May.<\/p>\n<p>According to the report, <a href=\"https:\/\/coinjournal.net\/search\/blockchain.com\">Blockchain.com<\/a> only filed its business accounts in October for the year ending 2020. However, the legal claims focus is on the company\u2019s delayed filing of accounts for the year ending December 2022.<\/p>\n<p>Blockchain.com blamed the late filing on a restructuring of the company and a \u201csignificant reduction in the wider group\u2019s workforce,\u201d which the company said has taken time to stablize.<\/p>\n<p>In its 2020 accounts, Blockchain.com said it had hired legal advisors and was preparing to defend the charges against it.<\/p>\n<p>The case was heard at Cardiff Magistrates Court on September 25 and another hearing is expected on November 26.<\/p>\n<p>Established in 2011 by co-founder Peter Smith and Nicolas Cary, Blockchain.com has 37 million verified users, serves more than 200 countries, has over 89 million wallets, and has processed more than $1 trillion worth of transactions. Some of its investors include Baille Gifford, DST Global, and Google Ventures.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/blockchain-com-executives-face-court-for-submitting-company-records-late\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Nicolas Cary and Al Turnball received a summons from Companies House in May Blockchain.com blamed the late filing on a restructuring of the company and a \u201csignificant reduction in the wider group\u2019s workforce\u201d The company filed business accounts for the year [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":39913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39912"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=39912"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39912\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/39913"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=39912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=39912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=39912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}