All Lawsuits Into a Single Case
A class action suit that has been registered on behalf of a selection of individuals and entities is comprised by the consolidated complaint. All parties in the lawsuit claim to have suffered financially after transferring cryptocurrencies and fiat currencies to Bitconnect to invest in BCC tokens, as well as the Bitconnect Investment Programs.
According to attorney David Silver of law firm Silver Miller, which was named the”Class Counsel” of this situation, the consolidated complaint combines all of the lawsuits which have been filed against Bitconnect into one suitcasinos bonuses bitcoin deposit casino games gametwist casino Miller said that the new lawsuit also names promoters and Bitconnect owners which were not previously targeted at the first legal complaints.
“As more information has become available, we’ve learned about more individuals involved in the rampant fraud associated with Bitconnect,” Silver explained and best bitcoin casino reddit. “The Amended Consolidated Class Action Complaint highlights those celebrities who participated in the creation of Bitconnect and the promoters of Bitconnect. The quantity of fraud, and the total amount of investment loss in a brief period of time is staggering. We hope to move the lawsuit along as fast as possible and hold as many individuals accountable both in the United States and abroad.”
Plaintiffs Accuse Youtube of Negligence
The amended lawsuit claims the Bitconnect Lending Program and the Bitconnect Staking Program were “fraudulent Ponzi/pyramid schemes.” It also accuses the company of using”multilevel affiliate markets” to promote its investment programs.
“Several of the promoter defendants had partnerships with Youtube pursuant to which the Bitconnect Defendants disseminated fraudulent and harmful content to unsuspecting victims across the planet,” the law firm stated in the amended filing. “Youtube was negligent in failing to warn those victims of the harmful material, for which Youtube compensated their creators and publishers.”
Additionally, the legal team claimed that the company”cloaked” its promotional materials in”technological sophistication and jargon” to run a deceptively”simple” deceptive operation. “Victims would invest in the Bitconnect Investment Programs after they had been driven to Bitconnect as a result of profitable partnerships the promoter defendants had with Youtube,” it stated. “Bitconnect would then pay existing investors with new money from new investors, who were in turn expected and incentivized to get more new investors to generate more new money for Bitconnect.”
The plaintiffs seek to recover the funds all they claim to have dropped. In a statement, Miller said such an outcome would be”ideal.”
Do you agree that Youtube was negligent in compensating Bitconnect promoters and failing to warn prospective investors of the”harmful content?” Share your thoughts in the comments section below!
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