Plaintiffs Accuse Youtube of Negligence are casino licenses needed for bitcoin casino

Amendment Combines
All Lawsuits Into a Single Instance

The complaint comprises a class action suit that has been registered on behalf of a selection of entities and individuals. All parties in the lawsuit claim to have suffered financially after moving fiat monies and cryptocurrencies 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 that have been filed against Bitconnect into a single suitcasinos just another wordpress casino outside joplin mo Miller stated that the new consolidated lawsuit names promoters and owners that were not previously targeted at the first complaints.

“As more information has become available, we have learned about more people 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 amount of fraud, and the total amount of investment loss in a short time period is staggering. We hope to move the lawsuit along as quickly 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 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 stated in the amended filing. “Youtube was negligent in failing to warn those victims of the harmful content, for which Youtube compensated their creators and publishers.”

Additionally, the legal team claimed that the company”cloaked” its own promotional materials in”technological sophistication and jargon” to run a deceptively”simple” fraudulent operation. “Victims would invest in the Bitconnect Investment Programs after they had been driven to Bitconnect because of lucrative partnerships that 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 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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