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Shareholders Filed a Lawsuit Against LGBCoin for Fraudulent Crypto Promotion — TradingView News

Court: M.D. Florida Case: 6:22-cv-00652 On April 1, 2022, $LGBCOIN shareholders filed a class action against LGBCoin Ltd. and its promoters, accusing them of falsely promoting a NASCAR-backed cryptocurrency and orchestrating a pump-and-dump scheme. What is this lawsuit about? On January 5, 2022, NASCAR publicly denied approving LGBCoin’s sponsorship of Brandon Brown’s racing team—contradicting LGBCoin’s earlier claims. […]

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Court: M.D. Florida

Case: 6:22-cv-00652

On April 1, 2022, $LGBCOIN shareholders filed a class action against LGBCoin Ltd. and its promoters, accusing them of falsely promoting a NASCAR-backed cryptocurrency and orchestrating a pump-and-dump scheme.

What is this lawsuit about?

On January 5, 2022, NASCAR publicly denied approving LGBCoin’s sponsorship of Brandon Brown’s racing team—contradicting LGBCoin’s earlier claims. This announcement followed weeks of celebrity-driven promotion and helped expose a broader scheme to inflate the token’s price.

Following this, $LGBCOIN plummeted, leaving investors with near-worthless tokens.

What can you do to recover your losses now?

We’re keeping track of all updates and will notify $LGBCOIN investors about potential recovery.

More than 600 companies are currently facing securities class action lawsuits, and over 100 are already paying settlements. Connect your brokerage account to automatically check which ones you may have missed.



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