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

Amendment Combines
All Lawsuits Into a Single Case

The complaint comprises a class action lawsuit that has been registered on behalf of a selection of individuals and entities. All parties in the lawsuit claim to have suffered after transferring cryptocurrencies and fiat currencies to Bitconnect to invest in BCC tokens, in addition to the Bitconnect Investment Programs.

According to lawyer David Silver of law firm Silver Miller, which has been named the”Class Counsel” of this case, the consolidated complaint combines all of the lawsuits which have been filed against Bitconnect into a single lawsuitUse the Miller stated that the new merged lawsuit names promoters and Bitconnect owners which were not previously targeted at the initial 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 amount of investment loss in such a brief time period, and the amount of fraud is staggering. We hope to move the lawsuit along as quickly 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 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 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 compensated their creators and publishers.”

Additionally, the legal team claimed that the company”cloaked” its own promotional materials from”technological sophistication and jargon” to conduct a deceptively”simple” deceptive operation. “Victims would put money into the Bitconnect Investment Programs after they were driven to Bitconnect because of profitable partnerships 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 produce more new money 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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