Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
The Yorkshire Pudd
on 22/01/2018, 19:37:31 UTC
Just some info for any people who still have doubts it is a scam exit.

When a loan finished you got the $ amount back in your wallet. They did not convert that $ to bcc. At some point you would have to change to BCC but you could leave that $ in your wallet until a time you decide to act.
On this exit scam they forced your $ into BCC tokens. They removed your ability to make that decision.

So not only did they do a breach of contract by ending loans early they have also made a financial decision for you by forcefully converting your $ to a token.

Do you really expect that they didn't think people would tank the bcc price by panic selling? I bet they had an account on hitbtc to buy at sub $10 and sold for above $30 as well. This would be classed as insider trading.  

So that is 3 possible lawsuits regardless of it being a ponzi.  
Breach of contract
Making financial decisions with your money without authorisation (or even qualification)
And Insider trading