Filing Shows BitConnect Promoters on YouTube To have Been Paid In Millions
Transcripts of the filing against Bitconnect shows that many YouTubers who promoted the infamous crypto scam were paid in millions to do so.
Cyber Security expert and the founder of Block By Block points this out in a Tweet.
A filing showing how much some of the people who promoted Bitconnect were paid for their referrals.
Totally insane 😳 pic.twitter.com/AIyIfpTzBo
— Anthony Sassano | sassal.eth 🍩 (@sassal0x) September 5, 2018
Notably, Craig Grant who had put up more than 2,500 videos promoting BitConnect on Youtube had generated approximately $5 Million of income as a direct result of sponsoring over 12,000 investor. All thanks to his 100,000+ YouTube which had amassed 33,000,000 independent views. Just last month he had uploaded a video YouTube to confirm that SEC is looking into the BitConnect case.
Another example of a YouTuber making millions would be Trevon James. Trevon is believed to have had more than 135,000 subscribers with more than 8 million views. He himself is believed to have more than $2 million as a result of the approximately 3,000 investors that he sponsored. Earlier this week James was reported to have entered Default in a class action lawsuit connected with BitConnect.
Cryptonick, with his 200,00 subscribers is another YouTuber who has made a lot of money through the scam. His 400+ BitConnect promotional videos is estimated to have generated over $10 million of investment capital from nearly 3,000 investors. These recruitment activities are believed to have resulted in him earning close to $900,000.
These are just a few examples. The efforts by the marketing team at BitConnect to have shoved the coin down the public’s throats was enormous. If you want to read the entire filings and see the names of the dependents and what they have been accused of you can log on to silvermillerlaw.com, which is the website of prominent crypto lawyer David Silver.