Hi, I got convinced by someone to invest in what I now think is a Crypto Ponzi Scheme Platform that said it could earn 10%+ a month in ROI. The person who convinced me didn't own the platform/company, they were simply a "Referral Marketer" that used that platform's "Referral Link" as apart of their Referral Program. The person would gain 5% of my daily profits from the Platform for referring me.
The platform has locked my money in there (which is allowed according to their T&C) + my profits have dwindled to 1% a month.
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I want to sue the person who referred me to this platform, but they think otherwise:
Their Argument
- They don't own the platform and are simply "affiliate marketers" for it by using the referral link
- They left the country and live elsewhere (but promoted this platform to me in my country)
My Argument
- They didn't have a financial services license (but Bitcoin in my country is not considered a financial product)
- They didn't have a registered company
Does this mean I could sue the person who referred me too? Or Could I only sue the company behind the actual ponzi platform?
Please let me know if I can sue this person + the costs, process, etc. And if it's worth it at all. I've invested $40,000 and my money is stuck on this platform.
I think that you can sue the person tha convinced you using his link and he got you involved in this ponzi scheme. If you have proof that this guy offered you financial advice without having any right to do so, they I think it is possible.
Can you let us know which is the platform that is a ponzi scam? It will be good to raise awareness.
And next time don't get overwhelmed by a guy who promises easy money. Most of the cases end up in a scam.