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Market News

Bitboy Sues Former Colleagues For Lamborghini Theft & Racketeering

Armstrong's Twitter account was taken over by the defendants "for the express purpose of publicly harassing, embarrassing, and intimidating" him.

Written By:
Jalpa Bhavsar

Last updated: November 7, 2023 4:03 PM
Published 2023-11-07
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Bitboy Sues Former Colleagues For Lamborghini Theft & Racketeering

Ben Armstrong, a cryptocurrency YouTuber formerly known as Bitboy, has filed a lawsuit in Cobb County, Georgia, against a former colleague for allegedly stealing a Lamborghini and engaging in racketeering activities, including threats and plotting to deny him the car.

Armstrong is suing his former colleagues for the second time. On November 1, the lawsuit was filed in Cobb County Superior Court, with six defendants named.

The six names include Allison Fiveash, a frequent contributor to Hit Network; Nickolas Dimondi, Head of Content at Hit Network; Justin Williams, CEO of Voomio; and Carlos Diaz, an associate of the company: Timothy Shedd Jr., CEO of Hit Network (the company that owned Armstrong’s former channel), Timothy Shedd Sr., CFO of Hit Network.

The lawsuit alleges that Armstrong’s Twitter account was taken over by the defendants “for the express purpose of publicly harassing, embarrassing, and intimidating” him.

The lawsuit says, “Defendant Diaz used this X account to leak private conversations between Armstrong and Defendant Diaz, which had been surreptitiously recorded without Armstrong’s knowledge or consent; and to post false and defamatory statements accusing Armstrong of illicit drug use”

According to the lawsuit, Armstrong claims that he was forced to give Diaz the title to his 2018 Lamborghini Huracan Performante under threat of violence. Despite Armstrong’s repeated pleas, Diaz refused to give the car back. The lawsuit claims that Armstrong complied with the demands out of fear.

As per the plea, Defendant Diaz threatened Armstrong, saying that he had killed people in the past and that if Armstrong disobeyed, he might suffer the same fate. It further states, “Armstrong is not aware of the Lamborghini’s current location or ownership status.”

Additionally, Armstrong claims that the defendants conspired to illegally convert his Lamborghini and extort money from him through a pattern of racketeering operations, constituting a civil conspiracy and a violation of the Georgia Racketeer Influenced and Corrupt Organizations (RICO) Act.

A judge has not found any of the accusations or assertions to be true.

Also Read: Bitboy’s Controversial Remarks on HIT Network

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Jalpa Bhavsar- Senior crypto journalist at The Crypto Times
By Jalpa Bhavsar
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Jalpa Bhavsar is a Crypto Journalist with 3 years of experience in crypto, blockchain, AI, digital design, and crypto news reporting. She holds a B.Tech in Computer Science, bringing a strong technical foundation to her writing. Jalpa focuses on delivering clear, accurate, and engaging coverage of the latest trends and developments in the crypto and tech space.

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