Bitcoin Ponzi Scheme BitConnect Sees Class Action Lawsuits Merger


Throughout the last month, a lot of online publications covered the addition of YouTube being added to the list of defendants in the class-action lawsuit filed in Florida.

Included in this article however, is the July update on the BitConnect cases that have been filed across the United States.

The main case to follow along with YouTube as of now, has been that of Charles Wildes Lawsuit w/BitConnect, which has become the primary case many are watching.

On the 19th of June, an order was filed and later approved for the appointment of one of the BitConnect Investor’s Group’s Lead Plaintiffs. It also involved some of their attorneys, primarily a co-lead counsel in the group, and the start of an executive committee to see the trial through until the end.

The newly developed executive committee has been created with people from three separate law firms assisting the litigation on behalf of the company, with the co-lead counsel at supervising the entire process.

Three others of the BitConnect cases have sprung and included in the case of Paige, so there is to no longer be any separate coverage from here on out.

To stop any confusion, from here on out – the case will be label the Wildes et al. Lawsuit to BitConnet Class-Action.

The most recent of the BitConnect class-action lawsuits is summons that was held on the 9th of July, issued to YouTube.

The Google owned media monster was placed on the list of plaintiffs by the way of a Third Amended Complaint filed on the 3rd July.

YouTube has still not made a filing of the case as of the time of this writing.

In regard to other lawsuits filed with BitConnect being reported on last month;

  • Kline et al v. Bitconnect and Long et al v. BitConnect were merged into the BitConnect class-action as per separate June 19th orders
  • Mengesha v. BitConnect International PLC et al was merged into the BitConnect class-action on June 21st
  • no additional filings have been made in Paige v. BitConnect International PLC et al

One remark on the Mengesha v. BitConnect case, the international case is still open even though the Kline and Long lawsuits have been closed.

The case will likely be terminated as well at some point, but there is no real need to follow it from now on. Lastly, the merger of the case remaining means you’ll still be able to follow the case here on the latest info around the class action lawsuit involving BitConnect.

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