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David C. Silver

Founding Partner

David C. Silver is a founding partner of Silver Law Group, a nationally recognized law firm representing investors worldwide to recover their investment losses. David has received a Martindale Hubbell Preeminent “AV” Rating, the highest ratings given for general ethical standards and legal ability. David has spent his entire legal career in complex commercial litigation. David concentrates his practice in a wide variety of civil litigation, including inter-corporate disputes, securities litigation, class actions, white-collar crime lawsuits, and government investigations, with an emphasis on business-related disputes. David has also handled several high profile catastrophic injury and wrongful death cases. David practices at the trial and appellate court levels across the United States.  Over the last ten years, David has focused on individual clients who have lost money through fraud or other acts of deceit.  When you lose or are owed money, David helps you get what belongs to you.  Too often, lawyers and companies attempt to innovate and exploit financial regulations. David helps clients recover what belongs to them.  David does not charge his clients hourly.  David only accepts cases on a contingency-fee basis.

As an established trial attorney, David focuses on implementing innovative and aggressive strategies to change the dynamics of a case and to obtain the best possible result in settlement or trial. David has litigated a wide variety of commercial disputes involving professional negligence, fraud, breach of fiduciary duty, securities litigation, conversion, breach of contract, negligence, accountant malpractice, negligent misrepresentation, misappropriation of trade secrets, violation of consumer protection statutes, and tortious interference with contract and prospective business relationships.

On behalf of the Federal Deposit Insurance Corporation (FDIC), David has led multiple investigations into wrongdoing on the part of officers and directors of various closed financial institutions as well as investigations into D&O insurance carriers, fidelity bond carriers, attorneys, accountants/auditors, real estate appraisers, and brokerage professionals as they related to the downfall of certain closed financial institutions.  In 2015, David was named lead Class Counsel in the litigation against now-defunct cryptocurrency exchange Cryptsy.  As an attorney for aggrieved alternative-currency users, David has become a recognized leader in the emerging world of cryptocurrency, helping investors who have been exploited after investing in digital assets such as Bitcoin, Ethereum, and Litecoin.  David is currently lead Class Counsel in a federal court action pending against Coinbase, one of the world’s largest digital asset exchanges, for its alleged involvement in the theft and laundering of more than $8,300,000.00 of assets owned by victimized cryptocurrency users.

Professional Experience

David began his legal career at Wicker Smith O’Hara McCoy Graham & Ford, a large Florida-based law firm.  In April 2004, David joined the international law firm of Patton Boggs (now Squire Patton Boggs) LLP in Washington, D.C., where his practice as a trial lawyer involved all aspects of civil litigation, including noteworthy pro bono work.  In 2010, David left Patton Boggs LLP and returned to Florida. He was a Partner at Blum & Silver, LLP until he co-founded Silver Law Group in 2011.

Professional Recognition

  • Clark v. Kraken [Class Action] Case No. 8:17-cv-01623-RAL (U.S. Dist. Ct. – Middle District of Florida): Representing class of victims against Delaware-based cryptocurrency exchange and FINCEN-registered Money Services Business alleged unconscionable freezing and liquidating the Ether holdings of Plainitffs and the Class in the midst of an event that exposed fatal flaws in Kraken’s business operations. – Complaint
  • Leidel v. Coinbase [Class Action] Case No. 9:16-cv-81992-KAM (U.S. Dist. Ct. – Southern District of Florida): Representing class of victims against California-based cryptocurrency exchange and FinCEN-registered Money Services Business alleged to have aided and abetted theft of over $8,300,000.00 of stolen Bitcoin.  This matter is pending. – Complaint
  • Liu v. Cryptsy [Class Action] Case No. 9:16-cv-80060-KAM (U.S. Dist. Ct. – Southern District of Florida): Successfully represented class of victims against Florida-based cryptocurrency exchange, its founder/CEO, and related parties responsible for theft of over $8,300,000.00 of stolen Bitcoin. Complaint/Judgment
  • Advantage Trim & Lumber Co. v. TD Bank, N.A., Case No. 8:16-cv-03239-JSM (U.S. Dist. Ct. – Middle District of Florida): Negotiated favorable resolution for group of hardwood flooring merchants victimized in multi-million dollar fraudulent credit card scam.
  • Zinberg v. Magnum Energy Partners: Representing aggrieved investors alleging $1,000,000.00+ loss in failed Alaskan oil drilling venture.  Among other claims, the investors allege the oil drilling company held out as its promoter an indicted Ponzi schemer known by the company to have stolen $62,000,000.00 from other investors in a separate project — something withheld from the investors in the oil drilling venture.  This matter is pending. Complaint 
  • Bounty Gain Enterprises, Inc. v. UBS Financial Services, Inc., Case No. 9:14-cv-81603-KAM (U.S. Dist. Ct. – Southern District of Florida): Negotiated favorable resolution for Hong Kong-based investor who claimed professional negligence by brokerage firm and Registered Representative tasked with handling post-investment liquidation of $5,000,000.00 investment in failed multi-media/special effects company. Complaint/ Settled
  • Liquid Bits v. Trendon Shavers and Bitcoin Savings and Trust, Case No. 14-cv-61771 (U.S. Dist. Ct. – Southern District of Florida): Obtained $11,264,457.00 Final Judgment for investors in one of the earliest Bitcoin ponzi schemes. Complaint/Judgment
  • Acker, et al. v. Doeren Mayhew, Case No. 2:08-cv-11161-AJT-MAR (U.S. Dist. Ct. – Eastern District of Michigan): Obtained a favorable settlement as lead plaintiffs’ counsel to over 400 claimants in an action against Doeren Mayhew, a large Midwest accounting firm, wherein the firm was alleged to have failed to perform due diligence or recognize that its partners were running a Ponzi scheme. The accounting malpractice lawsuit alleged that Doeren Mayhew and two of its directors, along with their spouses, were a de facto part of the management of the Ponzi scheme, thus costing the unsuspecting investors in excess of $25,000,000.00. Complaint/Settled
  • FDIC v. [Confidential]: Led numerous investigations into wrongdoing on the part of officers, directors, and professionals of various closed financial institutions.
  • TANDI Partners LLC v. CRL Management LLC, et al., Case No. 1:13-cv-23900-KMM (U.S. Dist. Ct. – Southern District of Florida): Obtained a favorable settlement for a non-U.S.-based investor.
  • Burt v. Key Trading LLC, et al., Case No. 2:12-cv-06333-KM-MCA (U.S. Dist. Ct. – District of New Jersey): Obtained $1,800,000.00 Final Judgment for former professional football player against several individuals, and their corporate entity, who had misappropriated the $1,800,000.00. After having obtained the judgment in the full amount of our client’s loss, Silver Law Group secured an injunction freezing assets of one of the defendants in an effort to avoid dissipation of those assets before the Final Judgment could be satisfied. Complaint/Final Judgment
  • Gaines v. Krawczyk, Case No. 2:03-cv-01957-DSC (U.S. Dist. Ct. – Western District of Pennsylvania): Served as a member of the Patton Boggs LLP team that negotiated a multi-million dollar settlement of wrongful death claims stemming from the defendant’s priest who illegally furnishing alcohol to a 19-year-old University of Pittsburgh football star.
  • Talisman Capital Talon Fund, Ltd. v. Rudolf W. Gunnerman and SulphCo, Inc., Case No. 3:05-cv-354 (U.S. Dist. Ct. – District of Nevada): Served as a member of the Patton Boggs LLP team that won intellectual property/corporate opportunity case preserving company’s right to ownership of process at issue and zeroing out plaintiffs’ claim for more than $100,000,000.00 in damages.
  • Bauer v. Hines Nurseries Inc., Case No. 05-2002-CA-9235 (Brevard County Circuit Court, Florida): Led the Patton Boggs LLP team that orchestrated a successful defense and reduction of jury verdict in a wrongful death lawsuit wherein the family of a woman who died in a collision with a tractor-trailer was awarded $5,080,000.00 by a jury. The judge significantly reduced that amount because of a novel “phantom vehicle” defense.
  • In the Matter of Marsh & McLennan Company: Served as a member of the Patton Boggs LLP team that negotiated a settlement in connection with an investigation by the District of Columbia Attorney General into the business practices of Marsh & McLennan Company. This was the first settlement following New York Attorney General Elliot Spitzer’s investigation of, and subsequent settlement with, Marsh & McLennan in connection with alleged antitrust and other violations.
  • In re Black Farmers Discrimination Litigation, Case No. 1:08-mc-00511-PLF (U.S. Dist. Ct. – District of Columbia): Served as a member of the Patton Boggs LLP team as counsel for Plaintiffs in connection with 23 lawsuits that were filed on behalf of more than 35,000 African-American farmers. The lawsuits asserted that the U.S. Department of Agriculture had systematically discriminated against African-American farmers on the basis of race in violation of the Fifth Amendment of the United States Constitution, the Equal Credit Opportunity Act, Title VI of the Civil Rights Act, and the Administrative Procedure Act. On December 8, 2010, President Barack Obama signed into law the Claims Resolution Act of 2010, which provided $1.15 billion (in addition to the $100 million already provided in the 2008 Farm Bill) to fund a settlement of the litigation.

In The News

IN THE PRESS

$30M in Bitcoin Ordered Returned in Cryptocurrency Class Action – Daily Business Review (August 1, 2017)

Former Bitcoin Exchange Cryptsy CEO Ordered to Pay $8.2 Million in Class-Action Lawsuit – Coin Telegraph (July 29, 2017)

Class Action Lawsuit Filed Against Cryptocurrency Exchange Kraken –  Bitcoin.com (July 7, 2017)

The Case Against Kraken – ETHNews (July 6, 2017)

Banking on Bitcoin: An Attorney’s Big Stake in Cryptocurrency Litigation – Daily Business Review (July 5, 2017)

Ethereum Traders File Class Action Lawsuit Over Kraken – Coindesk (July 5, 2017)

Coinbase Appeals Decision in Cryptsy Collapse Lawsuit – Coindesk (June 22, 2017)

Coinbase to Face Trial Over Possible Role in Cryptsy – Coindesk (June 12, 2017)

Whose Referral Fee Is It Anyway? Lawyer and Former Firm Duke it Out – Daily Business Review (March 31, 2017)

Settlement Reached in Part of Cryptsy Case – Daily Business Review (November, 7 2016)

Burned Users of South Florida’s Cryptsy Bitcoin Exchange May get $1 Million Settlement – Miami New Times (October 27, 2016)

Lawsuit Claims Seller Hid Pending Historic Designation for Miami Church – Daily Business Review (September 27, 2016)

Investors Suing Cryptsy CEO Certified as Class – Daily Business Review (August 29, 2016)

Cryptsy Founder Paul Vernon Disappeared, Along with Millions of His Customers’ Cash – Miami New Times (June 28, 2016)

Mystery of Cryptsy’s Collapse Grows as CEO’s Whereabouts Unknown – Coindesk (May 10, 2016)

Court Takes Control of Digital Currency Exchange Cryptsy – Coindesk (April 4, 2016)

Court Documents Show Cryptsy CEO Predicted Exchange Would Fail – Coindesk (February 26, 2016)

Class Action Lawsuit Filed Against Digital Currency – Coindesk (January 14, 2016)

Bitcoin Exchange Cryptsy Faces Lawsuit Over Customer Account Breach – Coindesk (October 24, 2014)

PRESS RELEASES

CFTC Charges Gold Coast Bullion and Anthony Lauria in precious metals fraud scheme

Silver Law Group Files FINRA Arbitration Claim Against LPL on Behalf of an Elderly Investor for Losses in Alternative Investments

Silver Law Group Awarded $750,000 in Punitive Damages in FINRA Arbitration

Silver Law Group Continues to Pursue FINRA Arbitration Claims for Investors in UBS Willow Fund

Silver Law Group Continues to Investigate and Pursue Claims Against UBS Puerto Rico for Investment Losses in UBS Proprietary Closed-End Bond Funds

Silver Law Group Issues Investor Alert Regarding Claims Against UBS of Puerto Rico Involving Puerto Rico Bonds

Silver Law Group Files FINRA Arbitration Claim Against LPL on Behalf of an Elderly Investor for Losses in Alternative Investments

The Silver Law Group Files FINRA Arbitration Claim Against UBS Financial Services of Puerto Rico on Behalf of Business Owners in Puerto Rico

Financial Fraud Lawyer David C. Silver Receives AV Preeminent Rating From Martindale-Hubbell(R)

 

 

Recent Complaints

 

Advantage Trim v. TD Bank – Complaint/Settled

Bates v. Amerifirst Management LLC, et al. – Complaint/Settled

Bates v. World PMX, Inc. – Complaint/Final Judgment

D’Netto v. Prime Asset Metal Investments – Complaint/Settled

In Re: Certified Inc., et al. – Complaint/Settled

Jennings, et al. v. Nationwide Pharmassist, et al. – Complaint

Liquid Bits, Corp. v. T. Shavers and Bitcoin Savings and Trust – Complaint/Final Judgment

Bounty Gain Enterprises, Inc. v.  John C. Textor, et al. – Complaint

Bair v. Christensen Design Group, et al. – Complaint

 

Videos

Zach Braff Introduces Attorney, David C. Silver

 

Bitcoin News Report

Bar Admissions:

Florida, 2002

District of Columbia, 2004

U.S. District Court, Middle District of Florida, 2004

U.S. District Court, Eastern District of Michigan, 2008

U.S. District Court, District of Columbia, 2008

U.S. District Court, Southern District of Florida, 2012

U.S. District Court, District of Colorado, 2012

U.S. District Court, Eastern District of Texas, 2014

Education:

J.D., University of Miami School of Law, 2002

B.A., University of Michigan, 1999

Honors & Awards:

Florida Super Lawyer – Rising Star 2017

Martindale-Hubbell AV® Preeminent Rating

Multi-Million Dollar Advocates Forum

Community Involvement

Jewish Federation
• Board of Directors – Broward County
• National Young Leadership Cabinet

Heron Bay Community Association
• Board of Directors – Vice President