Have The BITCONNECT PROMOTERS Paid Their VICTIMS Back?

[sheenshane]

I'm not so sure if they will be able to pay the victims since the lawsuit is still ongoing. And yes, the FBI is actually reaching for all of the victims of bitconnect to file a claim of scam. Bitconnect closed down last January 18 because of the security regulators. The promoters actually had no idea with the platform's eligibility as well so the promoters are out of it because they were also part of the victims.

Back in March 2018, Trevon James, former BitConnect investor, and promoter, said that the FBI was investigating the case and that he had spoken to the agency about the exchange and his involvement with the project. “I’m glad that I don’t know anything, so that means there’s no proof that I knew anything,” James commented at the time. In August 2018, the Criminal Investigation Department of the Indian state of Gujarat police arrested former BitConnect India head Divyesh Darji after receiving an alert from the country’s immigration agency.

Further explanation sees this link, https://­www.coindesk.com/­fbi-seeking-potential­-victims-of-bitconne­ct-to-assist-investi­gation.

[taguig]

I heard BitConnect Promoters got put into a Lawsuit and the SEC charged them. Did they pay any money to the victims or pay any fines etc?

They will eventually pay their victims and it's only a matter of time, the promoters have huge money to pay top lawyers to defend them, and these lawyers are lucky because their clients will have to spend millions of people to pay them to prolong conviction.

[fortunecrypto]

I put in $40,000 into a ponzi platform similar to BitConnect. Do you think I can sue my promoter or get him charged? I live in Australia.

MOST IMPORTANTLY - Is it even worth going after him you think if he was just using their referral program?

It's not worth it, but check if he is also an investor, maybe he is also scammed by that company, and maybe he used the referral rewards to invest in the company, investigate first, before taking action against him, but you should also sue the program because he is the one that really scammed you.

[Harlot]

The thing is with lawsuits involving around promoters who are users themselves and aren't directly affiliated to the scam aren't that strong cases. One of the strongest defense they can do is they are also victims of the scam as well as unknowingly have promoted the scam itself. For previous scams who have exited the easiest people who often get caught are the ones who have introduced it to you not the mastermind itself, so I really doubt that they'll recover such damages from a person who isn't even affiliated to Bitconnect.

[CryptoBry]

I put in $40,000 into a ponzi platform similar to BitConnect. Do you think I can sue my promoter or get him charged? I live in Australia. MOST IMPORTANTLY - Is it even worth going after him you think if he was just using their referral program?

You can actually sue the people behind the scam and those who promoted it and made good money a referral agents. I think this is in the law here in my country and also with other countries. However, it can be a big hassle identifying these people and if ever you have the money for the case why not directly charge the principal actors of the scam. As for BitConnect, big hitting promoters remains to be free and no substantial cases are brought against them. The lesson is that we must always be careful with any program that we put our money to especially if one is planning to invest big.