Alkiviades Andrew David, an entrepreneur and media magnate, has issued a warning to various banks, corporations, and media organizations regarding potential adverse actions based on 'recycled allegations' and unverified reports about him. In an official notice, he cautioned that any implementation of 'de-risking' measures—such as account closures or service denials—could be legally challenged and may create a paper trail that could become important in ongoing legal proceedings.
David urged those considering such actions to first acknowledge that the underlying allegations are actively disputed and stressed that mere repetition of claims does not equate to validation. He further elaborated that internal administrative language within organizations will not offer immunity against legal responsibility, and noted that secondary actors who contribute to reputational harm can also face significant legal risks.
The notice contains explicit instructions for entities contemplating de-risking measures, including demands to preserve all relevant records and ensure that decisions are made based on accurate and complete information. Any actions taken on the basis of misleading or incomplete data could lead to increased liability.
As part of the proceedings, David highlighted a looming timeline: a decision is expected from the California Court of Appeal that could effectively reverse a $900 million judgment against him. He made demands for immediate reversals of account closures and asset freezes, as well as retractions from media outlets that have published damaging information without substantiation.
David concluded his notice by casting the current situation in stark terms, framing it as reflective of deeper systemic issues, and indicated that significant repercussions are imminent for involved parties as legal processes unfold.
