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prima:Brock Pierce’s former business partner dismisses illicit transfer of W Hotel in Vieques

In a 30-page response to the lawsuit filed by the crypto tycoon. He accuses Pierce of illegally detaining him with armed guards.

January 20, 2024 - 1:28 PM

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This content was published more than 11 months ago.
Lipsey alleged that Pierce put the property as collateral when he asked him for a $10 million line of credit to compete in the auction of the assets of the bankrupt HIMA Group. (Sebastian Perez)

In response to the lawsuit that Brock Pierce filed against him last December, resident investor Joseph Lipsey III stated in court that the transfer of the former W Hotel property to one of his corporations was lawful and dismissed the crypto billionaire’s allegations of having manufactured a default to seize the resort.

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