Amendment Combines
All Lawsuits Into a Single Instance
A class action suit that has been filed on behalf of a selection of individuals and entities is comprised by the complaint. All parties in the suit 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 lawyer David Silver of law firm Silver Miller, which has been named the”Class Counsel” of the case, the consolidated complaint combines all of the lawsuits that were filed against Bitconnect into one lawsuitlucky jack casino bitcoin bitcoin casino with craps Miller stated that the new consolidated lawsuit also names promoters and Bitconnect owners that were not previously targeted at the legal complaints.
“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 total amount of investment loss in a short time period, and the amount of fraud is staggering. We expect to move the lawsuit along as fast as possible and hold as many people 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.” In addition, it 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 stated 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 firm”cloaked” its promotional materials from”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 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 to get 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.info
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