You are viewing a single comment's thread from:

RE: How to Join the Bitconnect Class action Lawsuit?

in #steemit7 years ago

Yeah but all affiliates promote businesses and earn commissions. Are you saying they should all do the research and investigate or face being sued? It’s tough enough suing an employee or officer of a company as there is the protection of piercing the corporate veil. Unlikely affiliates will have an issue.

Sort:  

Yes, anything you are promoting/selling creates a liability for you and paints a target on your back. Specially Ponzi schemes

See on SEC website on Ponzi schemes promoters:

https://www.sec.gov/fast-answers/answersponzihtm.html

See cases of Ponzi promoters in US being sued , extradited, imprisoned and ordered to pay:

http://www.wbur.org/news/2017/05/26/telexfree-promoter-order
http://www.sun-sentinel.com/local/palm-beach/fl-ponzi-jack-utsick-20141208-story.html
https://archives.fbi.gov/archives/columbia/press-releases/2009/co111909.htm

Interesting... Thanks for sharing!