MARA Former French Advisor Sues for Over €11 Million in Unpaid Fees

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On July 22, 2026, former MARA Holdings French advisor François Garcin filed a lawsuit in the U.S. District Court for the Southern District of New York, seeking over €11 million in unpaid fees under MiCA (EU Markets in Crypto-Assets Regulation). Garcin alleges that MARA failed to pay €2.4 million in advisory fees and €5.92 million in commissions from a 4% share of a €148 million investment by Exaion, a subsidiary of EDF. He previously assisted in securing an invitation to the Choose France summit and a meeting with former French President François Hollande. The case may intersect with CFT (Countering the Financing of Terrorism) compliance issues.

According to ME News, on July 22, François Garcin, a consultant who previously assisted in building MARA’s operations in France, filed a lawsuit against MARA Holdings in the U.S. District Court for the Southern District of New York, demanding over €11 million in unpaid fees. Garcin claims that after MARA terminated the contract on March 6, 2026, it failed to pay €2.4 million in consulting fees and approximately €5.92 million in success-based commissions (calculated at 4% of Exaion’s €148 million investment). Exaion, a subsidiary of EDF, provided investment accounting for 64% of the project’s capital. Garcin’s prior responsibilities included recruiting Gérard Mestrallet, former CEO of Engie, securing an invitation to the Choose France summit, and arranging a meeting with former French President François Hollande. (Source: Foresight News)

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