BitConnect YouTubers Could Be Facing Jail Time!steemCreated with Sketch.

in bitcoin •  7 years ago 

Crypto Nick, Craig Grant, Trevon James and others promoting the BitConnect Ponzi scheme are getting sued in BitConnect lawsuits.   

What Was BitConnect:

As many may know BitConnect Coin is a decentralized digital currency, an open-source and peer to peer protocol that allowed people to invest their possession in a non-government related currency and stores it and even earn from these investments. BitConnect helped someone by having investment interest while they also helped on the system security.

What Went Wrong:

After being accused of running a Ponzi scheme on multiple occasions, BitConnect's development team announced that it was shutting down its lending service immediately and its exchange service in the following five days. Its tethered coin, BCC, plunged 92% following the release of this news to $19.28. (Today worth only $3.07)  Mind you, BCC had rallied from just $0.15 on Jan. 20, 2017, to as much as $479.30 on Dec. 28, 2017, according to CoinMarketCap.com.           

BitConnect was the perfect example of "If it seems too good to be true, it probably is!

BitConnect Lawsuits:

There are around four BitConnect lawsuits right now. And Crypto Nick, Craig Grant, Trevon James and others are being sued for promoting the Ponzi scheme. Crypto Nick (Only 17 years old)  has deleted all of his social accounts  along with many others staying on the low.  They will get there day in the court in Southern District of Florida.  These Guys are in Big Trouble and Could Do Jail Time!



sincerely 

        Clayton 

         @luckyduckling


  

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Now I understand why Craig Grant is not doing more useless videos on youtube and stopped posting here and Facebook... It's deserved to punish him and the others!! They need to return all the money they earn lying and promoting the scam...

Agreed!

Great article and welcome to Steemit, you resume the story in an easy way understandable.

Thank You! Glad you enjoyed.