Robert Craddock has abandoned his legal action against BTG180, just twenty-four hours after publicly declaring the company a "Ponzi scheme." This sudden reversal comes after BTG180 threatened its own legal proceedings against Craddock.
Craddock's brief, outspoken campaign had urged BTG180 affiliates to contact a journalist and file pre-written complaints with local authorities.
BTG180 responded quickly. The company threatened to file legal action against Craddock, accusing him of failing to perform duties for which he was paid and of using "disparaging tactics."
Craddock then escalated the dispute. He issued a communication he called a "formal cease and desist," claiming "reports" had been filed with the North Carolina Attorney General and that a 30-60 day investigation was underway.
Between yesterday and today, it became known that Craddock was asking his followers for a $25 "legal fees donation." He stated that only registrations with valid payment information for legal fees would be included.
Within hours of this information becoming public, Craddock removed the BTGLegal website. He then released a statement explaining his decision.
"Due to the lack of participation of the people wanting to proceed forward with a motion against BTG180 and Bids that Gives," Craddock wrote, "We will be returning all funds received and not proceeding forward." He added that the site would be pulled down as "there is no reason to continue at this point." Craddock then advised anyone wishing to continue to contact their State Attorney General's office for assistance.
It remains unknown how many individuals sent Craddock $25, whether any official filings reached the North Carolina Attorney General, or if BTGLegal's closure was truly due to low interest rather than legal pressure from BTG180. Those who did send Craddock $25 this time at least received an offer of refunds, unlike victims of ZTeamBiz.
