Amendment Combines
All Lawsuits Into a Single Case

The consolidated complaint comprises a class action lawsuit that’s been filed 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, as well as BCC tokens.

According to lawyer David Silver of law firm Silver Miller, which has been named the”Class Counsel” of this situation, the consolidated complaint combines all of the lawsuits that were filed against Bitconnect into a single suita href=”https://bitcoincasinoreview.info/777coin-casino-review”>777coin casino no deposit bonus codes Miller said that the new merged lawsuit also names owners and promoters that weren’t previously targeted in the legal complaints.

“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 total amount of investment loss in such a short period of time, and the quantity of fraud is staggering. We expect to move the lawsuit along as fast as possible and hold as many individuals accountable both in america 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 firm”cloaked” its own promotional materials from”technological sophistication and jargon” to run a deceptively”simple” fraudulent operation. “Victims would put money into the Bitconnect Investment Programs after they were driven to Bitconnect because of profitable partnerships that 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 this 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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