Amendment Combines
All Lawsuits Into a Single Instance
The complaint comprises a class action lawsuit that’s been registered on behalf of a range of individuals and entities. All parties in the suit claim to have suffered financially after transferring cryptocurrencies and fiat monies to Bitconnect to invest in the Bitconnect Investment Programs, in addition to BCC tokens.
According to attorney David Silver of law firm Silver Miller, which was named the”Class Counsel” of this case, the consolidated complaint combines all of the lawsuits which were filed against Bitconnect into one suitbest bitcoin faucet casino bitcoin casino no deposit 2018 Miller said that the new lawsuit names Bitconnect owners and promoters which weren’t previously targeted in the complaints that were legal.
“As more information has become available, we have learned about more individuals involved in the rampant fraud connected with Bitconnect,” Silver explained and best bitcoin casino reddit. “The Amended Consolidated Class Action Complaint highlights those actors who participated in the creation of Bitconnect and the promoters of Bitconnect. The amount of investment loss in such a short period of time, and the amount of fraud is staggering. We expect to move the lawsuit along as quickly as possible and hold as many people 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 market its investment programs.
“Several of the promoter defendants had partnerships with Youtube pursuant to which the Bitconnect Defendants disseminated deceptive and harmful content to unsuspecting victims throughout the planet,” the law firm mentioned in the amended filing. “Youtube was negligent in failing to warn those victims of the harmful material, for which Youtube paid their creators and publishers.”
In addition, the legal team claimed that the company”cloaked” its promotional materials in”technological sophistication and jargon” to conduct a deceptively”simple” fraudulent operation. “Victims would put money into the Bitconnect Investment Programs after they were driven to Bitconnect because of lucrative partnerships the promoter defendants had with Youtube,” it said. “Bitconnect would then pay existing investors with new money from new investors, who were in turn expected and incentivized for more new investors to produce more new cash for Bitconnect.”
The plaintiffs seek to recover all of the funds 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 their”harmful content?” Share your thoughts in the comments section below!
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Source: bitcoincasinoreview.net
