All Lawsuits Into a Single Instance
A class action lawsuit that’s been filed on behalf of a range of individuals and entities is comprised by the complaint. All parties in the lawsuit claim to have suffered financially after transferring fiat currencies and cryptocurrencies to Bitconnect to invest in the Bitconnect Investment Programs, in addition to BCC tokens.
According to lawyer David Silver of law firm Silver Miller, which was named the”Class Counsel” of the case, the consolidated complaint combines all of the lawsuits which have been filed against Bitconnect into one suitHowever: You bitcasino Miller stated that the merged lawsuit also names Bitconnect owners and promoters which were not previously targeted at the complaints that were legal.
“As more information has become available, we’ve 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 celebrities who participated in the creation of Bitconnect and the promoters of Bitconnect. The amount of fraud, and the amount of investment loss in a short time period is staggering. We hope to move the litigation 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 deceptive and harmful content to unsuspecting victims across the planet,” the law firm mentioned in the amended filing. “Youtube was negligent in failing to warn those victims of the harmful content, 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” deceptive operation. “Victims would invest in the Bitconnect Investment Programs after they had been driven to Bitconnect as a result of profitable partnerships that the promoter defendants had with Youtube,” it said. “Bitconnect would then pay present investors with new money from new investors, who were in turn expected and incentivized for more new investors to generate more new cash for Bitconnect.”
The plaintiffs seek to recover all of the funds they claim to have dropped. In a statement, Miller said this 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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