Q. Dr. Wright, somebody says -- God Emperor of Dunes asks the question: "Why the fake trust? To throw people off?" And you say: "A hundred thousand BTC plus."
Craig is listed as the beneficiary of the Trust, but evidence shows that he personally controls the bitcoin and not his wife who serves as the trustee. Usually, the trustee has sole control over the trust's assets and the responsibility to manage and safeguard them for the beneficiary. Having the beneficiary (Craig) hold the keys to the assets on his personal computer sounds like a big red flag - it's not secure and it raises all kinds of questions about conflicts of interest.
Below Craig talks about the 12ib and 1Fee bitcoin addresses that were allegedly stolen from his personal computer. He claims they were assets of Tulip Trading Ltd. within the Trust.
Sept. 14, 2022 - Trial in Norway
2 hours and 47 minutes into the questioning, Craig Wright was questioned about an alleged Tulip Trust document.
Attorney: “So if you look at page 285 it says in the middle three paragraphs down from “I acknowledge… All Bitcoin will be returned to Dr Wright on January 1st 2020”. Is this what she’s talking about or…”
Wright: “No, it’s not, this was set up the day before, uhm, if you read it, it’s written terribly, uhm…”
Attorney: “Is this something you wrote the day before you set up the actual trust is that what you’re saying?”
Wright: “Uhm, before I started setting up the actual trust, yes, it took a little while because of corporate processes. When I wrote this I was totally drunk.”
Attorney: “So you have written this?”
Wright: “Yes, I was completely drunk, I drank three bottles of wine. I’d just been served with a bankruptcy notice.”
Attorney: “Okay, because it’s, it seems to be sort of sent from David Kleiman if you look at page 286
.”
[ 15 Looong seconds of awkward silence ]
Attorney: “As you’re saying that you wrote this when you were terribly drunk?”
Baker and McKenzie document – Nov. 27, 2015
“Tulip Trading was established in 2011. Tulip Trust was a blind trust planned in 2011 and set up by Dave Kleiman under in 2012 Tulip Trading. Craig is independent of the trust.” https://www.courtlistener.com/docket/6309656/550/44/kleiman-v-wright/
pg. 215