Crypto YouTuber Ben Armstrong, formerly known as Bitboy, has recently filed a lawsuit against his ex-colleagues, accusing them of various misconducts including the illegal possession of his Lamborghini and participation in racketeering. The lawsuit was filed on November 1 in the Superior Court of Cobb County, Georgia, USA.
In this legal action, six individuals associated with Hit Network, the company that owned Armstrong’s channel, have been named: CEO Timothy Shedd Jr., CFO Timothy Shedd Sr., head of content Nickolas Dimondi, contributor Allison Fiveash, associate Carlos Diaz, and Voomio CEO Justin Williams.
According to Armstrong, he was coerced into transferring the ownership of his 2018 Lamborghini Huracan Performante to Carlos Diaz. The suit mentions that Diaz allegedly made threats, claiming to have a history of causing harm to others and implying that Armstrong could suffer the same fate. Diaz has not returned the car, and its current whereabouts and ownership status are unknown to Armstrong.
The lawsuit further accuses the six individuals of violating the Georgia Racketeer Influenced and Corrupt Organizations (RICO) Act. Armstrong claims that they engaged in a series of acts, schemes, and transactions with the intention of extorting the Lamborghini and money from him.
Armstrong also alleges that Diaz contacted his wife and threatened his life if he did not pay $3.2 million and issue a public apology. In addition, the defendants accessed Armstrong’s Twitter account to harass and intimidate him publicly.
Other Lawsuits
This is not the only lawsuit involving Armstrong. The Shedds and Williams previously sued him in September, accusing him of libel and slander, among other offenses. Nickolas Dimondi, one of the defendants in Armstrong’s lawsuit, commented on the matter, calling the entire complaint baseless and lacking merit.
A county clerk confirmed that there are several pending cases against Armstrong. In a separate incident, Armstrong was arrested for confronting Diaz with the intention of retrieving his car and exposing Diaz and the other defendants. Afterward, he was held on charges of loitering/prowling and simple assault, with a bond amount set at $2,600.
Disputes and Allegations
In August, Armstrong announced his departure from Bitboy Crypto, accusing CEO TJ Shedd and Justin Williams of attempting to take control of his company. Shedd claimed that Armstrong had caused emotional, physical, and financial damage to the Hit community and the organization.
Armstrong initiated a lawsuit against the father-son duo in September, claiming that he was wrongfully ousted from the company he founded. The lawsuit was initially filed on August 30, retracted, and then refiled on September 12. The plaintiffs named in the lawsuit are Armstrong and BJ Investment Holdings (BJIH), the parent company of Hit Network and the YouTube channel previously known as Bitboy Crypto but now rebranded as Discover Crypto.
In late September, Armstrong made the public accusation that Hit Network had seized all his funds, leaving him unable to defend himself. He reached out to his followers, requesting donations to support his legal campaign to bring back BitBoy Crypto. While some supporters generously contributed, others criticized Armstrong for seeking financial assistance from his audience.
