A third amended complaint has seen YouTube added as a defendant in the ongoing BitConnect fraud class-action.

Originally filed in a Florida District Court
back in February, Mengesha v. Bitconnect International PLC et al. was
approved as a class-action
last month.

A third amended complaint in the lawsuit was filed on July 3rd.

In addition to BitConnect as a corporate identity and several individual defendants, YouTube has now also been added.

The issue taken with the video platform is its partnership with top BitConnect investors.

Several of the Affiliate Promoter Defendants had partnerships with YouTube pursuant to which BitConnect disseminated fraudulent and harmful content to unsuspecting victims across the globe.

YouTube was negligent in failing to warn those victims of the harmful content for which YouTube compensated their creators and publishers.

The complaint alleges the partnerships YouTube had with BitConnect’s top investors was “profitable”.

Defendants Trevon James and Craig Grant have been particularly active affiliate promoters, primarily by using videos they posted on YouTube wherein they solicited investments for (BitConnect).

Defendant Grant is believed to have generated for himself approximately $5,000,000 of income as a direct result of sponsoring over 12,000 investors — who provided $52,000,000 of investment capital to BitConnect.

Defendant James is believed to have earned for himself around $2,000,000 as a result of approximately 3,000 investors (and nearly $12,000,000 of investment capital to BitConnect) he sponsored — the majority of whom were recruited for “sponsorship” through his videos on, and as a result of his partnership with YouTube.

The lawsuit also pegs the earnings of CryptoNick (Nicholas Trovato) at around $900,000.

The alleged total amount of investment solicited for BitConnect through promotion on YouTube is almost a hundred million dollars.

YouTube is accused of being negligent, by way of failing to ‘
warn (the public) that their partners were soliciting investments in … fraudulent Ponzi/pyramid schemes
‘.

Upon information and belief, the top ten BitConnect affiliates on YouTube published over 70,000 hours of unedited content, generating 58,000,000 views and luring thousands, if not hundreds of thousands of victims into BitConnect’s fraudulent investment scheme.

Plaintiffs and the Class have asked the court to establish ‘
whether YouTube negligently failed to warn Plaintiffs and the Class
‘ about BitConnect.

Under well-established partnership law, a partner typically bears the shared burdens of his/her/its partner’s acts if he/she/it had committed those acts himself/herself/itself.

The complaint also acknowledges marketing efforts of BitConnect investors on Reddit, Twitter, Instagram, Craigslist and Facebook.

At the time of publication no other third-party companies besides YouTube have been named defendants.

With respect to “partnership”, while I can’t attest to every owner of a YouTube a

🤖 Quick Answer

What is the BitConnect fraud class-action lawsuit about?
The lawsuit, originally filed in Florida District Court in February, addresses fraudulent activities by BitConnect. YouTube was recently added as a defendant for negligently failing to prevent the dissemination of fraudulent content through partnerships with BitConnect affiliate promoters, causing financial harm to global victims.

Why was YouTube added to the BitConnect case?
YouTube was added as a defendant due to its partnerships with top BitConnect investors and affiliate promoters. The platform allegedly failed to prevent dissemination of fraudulent and harmful BitConnect promotional content to unsuspecting victims worldwide, constituting negligence in protecting users from investment fraud schemes.

When was the third amended complaint filed?
The third amended complaint, which added YouTube as a defendant in the Mengesha v. Bitconnect International PLC case, was filed on July 3rd. The original lawsuit was filed in Florida District Court

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