Not so long ago it became known that the international YouTube was in the list of defendants, and crypto pyramid BitConnect. Victims of the scams people filed a lawsuit to the court, which among other things, asked to prosecute the popular social network. The victims are confident that if in YouTube to react to the promotional video of the cryptocurrency pyramid BitConnect, victims of fraud would be much less. So, it turns out that in the case of the Questra World resource may have to answer to investors defrauded by Alexander Prochuhan and pyramids Czeslav Pestjuk.
Lost in BitConnect, your money is convinced that the YouTube administration had to stop the video distribution cryptocurrency pyramid and block all these videos for policy violations resource. Because the representatives of the website did not take any action, the number of victims of fraud increased. It is noted in the article on the portal Fork log concerning Cointelegraph.
It is reported that a dozen of the most popular partners on YouTube BitConnect has published more than 70 thousand hours of video and number of views has reached 58 million. However, some users posted a video with statements about “same” BitConnect.
“It’s not that YouTube is the author of the content on the site. We’re talking about how the service had reacted once it became clear that BitConnect is a pyramid. He was not able to prevent damage to the users. As they say, the dog lay down, fleas will stand”, — said the representative of the law firm Silver Miller, representing the interests of victims.
It’s hard not to draw an analogy with the Questra World, the agents and proponents of which nearly flooded the Internet with references to the pyramid. Daily online (including on YouTube) has dozens of new videos from members of the Questra World — presentations, training, reviews, advertising, instructions, seminars. With the same consistently got to the network and exposing Scam videos where bloggers, users, analysts and investors in one voice have stated and argued that the Questra World is a Scam.
What is especially noteworthy in this story? First and the most important: the problem with corrupt financial institutions that promote their project through different kinds of content on YouTube, is very critical. Scams spread in the network the colourful reels of attracting new investors. Even though this video violates YouTube policies, many clips remain in the public domain, working for the scammers. Among the pyramids telling about yourself through the social network, was Questra World, headed by Alexander Prochukhan and Czeslaw Pestukas.
In the history with BitConnect now have to deal with the court. Well-known video service because of their inaction will be responsible to at least six investors of the pyramid, lost in total aggregate more than $770k. It turns out; YouTube is ignored merely numerous messages from frustrated people that the project BitConnect pyramid, thereby indirectly encouraging the actions of speculators.
“Plaintiffs are confident that if YouTube searched the database of videos, that could remove a deceptive video BitConnect. Instead, the service continued to publish them, which resulted in a more significant number of victims of fraud.
Also, the lawsuit touches upon and Google, which changed the fiscal policy to ban the advertising of any products and cryptocurrency related content. The policy affects all the services of the Corporation, including YouTube.
YouTube failed to protect users, could not warn them about the dangers. He was supposed to do with their advertising protocols and proprietary algorithms,” notes Forklog.
In principle, judging from the reviews of experts and analysts, YouTube has a strong feedback mechanism in the case of pressure always bends under the current opinion of the majority. Since YouTube is in the area of American law, on the resource extremely difficult publication and promotion of any of the rollers that infringe or violates someone else’s rights or the law. Of course, the portal is well aware that because of coming to the social network of complaints and lawsuits can incur significant losses to ruin their reputation. Speech, first of all, is not about the general civil boycott, and about very specific fines and possible in the long-term criminal terms that employees can get video hosting for the violation of the current interpretation of American law and failure to comply with the policy.
In fact, the case BitConnect creates the same precedent. A group of people teamed up and made an issue on the legislative level, almost putting the question bluntly: “is he who could stop the actions of speculators, but for some reason, it did not, the same accomplice of fraudsters or not?”. Given that in a pyramid scheme, positive advertising is the key to success, we can assume that is. There is a substantial likelihood that YouTube will now begin to deal with content from financial pyramids are much more active to prevent such situations again.
This means that the videos Alexander Prochukhan, Czeslaw Pastewka and their accomplices will go on marginal platforms and billboards turn into a “content for the dedicated” that is, cease to bring the benefits for which they were written — to attract thousands of new investors.