The widest reaching lawsuit against BitConnect thus far is the first Florida class-action.

Filed on January 24th, the
initial class-action complaint
sought to hold BitConnect, Glenn Arcaro, Nicholas “CryptoNick” Trovato, Ryan Hildreth, Trevon James and Craig Grant liable for $771,000 in BitConnect investor losses.

On January 30th an amended complaint was filed, adding Ryan Maasen and Joshua Jeppesen as defendants.

Maasen is another YouTube promoter. Joshua Jeppesen is credited as BitConnect’s Development Director.

Joshua Jeppesen played an integral role in developing and promoting the BitConnect websites.

Without his vital contributions, the BitConnect websites would not have functioned as well as they did and would not have ensnared as many victims who fell prey to Defendants’ promotion of the BitConnect Investments.

Following a
similar filing in the Kentucky class-action
, on February 5th a TRO was sought against each of the named defendants above.

The Florida TRO alleges Arcaro, James, Hildreth, Grant, Trovato (CryptoNick) and Maasen “were paid sizeable commissions” for ” funneling

additional investors” into BitConnect.

It goes on to single out the defendant promoters as ‘
among the most influential, and most successful, of’ BitConnect’s affiliates
‘.

Defendants GLENN ARCARO, TREVON JAMES, RYAN HILDRETH, CRAIG GRANT, CRYPTONICK, and RYAN MAASEN encouraged their YouTube viewers and social media followers — including Plaintiffs and the Class — not to keep their investment returns; but instead to re-invest the daily interest earnings back into BITCONNECT.

As a result, the typical user never actually made money; while the money generated by the “program” kept getting re-circulated into BITCONNECT.

The TRO alleges that while the majority of BitConnect investors have lost 95% of their investments, the company and top affiliates ‘
reap the benefits of their fraud and theft
‘.

In the wake of BITCONNECT’s abrupt closure of its lending and exchange operations, many of BITCONNECT’s promoters — including Defendants GLENN ARCARO, TREVON JAMES, RYAN HILDRETH, CRAIG GRANT, CRYPTONICK, and RYAN MAASEN — furiously deleted their promotional videos and materials from the internet.

BitConnect and Ryan Maasen are already subject to the Kentucky TRO. If granted, the Florida TRO will effectively freeze cryptocurrency assets held by Glenn Arcaro, Nicholas Trovato (CryptoNick),  Ryan Hildreth, Trevon James, Joshua Jeppesen and Craig Grant.

This includes prohibiting the defendants from transferring or dissipating funds attached to or derived from BitConnect.

They would also be required to provide the court with ‘an accounting of the remaining funds and assets’ in their possession that are connected to BitConnect.

There is a significant risk that BITCONNECT and its promoters, including Defendants GLENN ARCARO, TREVON JAMES, RYAN HILDRETH, CRAIG GRANT, CRYPTONICK, and RYAN MASSEN, may dissipate money generated from Plaintiffs and the Class or simply t

🤖 Quick Answer

What is the scope of the BitConnect class-action lawsuit filed in Florida?

The Florida class-action lawsuit represents the widest-reaching legal action against BitConnect to date. Filed January 24th and amended January 30th, it targets BitConnect and multiple defendants including YouTube promoters and company officials, seeking to recover approximately $771,000 in documented investor losses through consolidated litigation.

Who are the defendants named in the amended complaint?

The defendants include BitConnect, Glenn Arcaro, Nicholas Trovato, Ryan Hildreth, Trevon James, Craig Grant, Ryan Maasen, and Joshua Jeppesen. Maasen and Jeppesen were added in the amended complaint filed January 30th, with Maasen identified as a YouTube promoter and Jeppesen as BitConnect's Development Director.

**What was Joshua Jeppesen's role in BitConnect's

🔗 Related Articles

- Seventh BitConnect lawsuit filed in California ($110,000 in losses)
- Seventh BitConnect class-action voluntarily dismissed (California)
- BitConnect class-action lawsuit filed over $771,000 in losses
- Bitconnect Florida trial date set, prelim injunction sought in Kentucky
- BitConnect’s John Bigatton criminally charged in Australia