Cryptocurrency influencer Ben Armstrong has initiated legal proceedings against former associates, alleging misconduct that extends to the unlawful appropriation of his Lamborghini and threats to his person, as outlined in a recent filing at the Superior Court of Cobb County, Georgia. Armstrong, once synonymous with the BitBoy Crypto brand, is entangled in a legal battle that charts a complex narrative of betrayal and coercion among those in the digital currency sphere.
The lawsuit names six individuals, including Timothy Shedd Jr., the CEO of Hit Network, which previously had ties to Armstrong’s channel, and Timothy Shedd Sr., the CFO of the same company. Included are Justin Williams, Allison Fiveash, Nickolas Dimondi, and Carlos Diaz — all associated with Armstrong’s former media venture. The complaint centers on claims that these individuals executed a hostile takeover of Armstrong’s online presence, notably his X.com account, and allegedly utilized it to defame Armstrong and invade his privacy.
Moreover, Armstrong contends that Diaz, through intimidation and threats of physical harm, compelled him to relinquish the title to his 2018 Lamborghini Huracan Performante. The document further alleges that Diaz’s threats were not to be taken lightly, as he implied a dangerous and violent past. The current whereabouts of the luxury vehicle remain a mystery to Armstrong, accentuating the gravity of the alleged transgressions.
Furthermore, the suit accuses the defendants of engaging in a pattern of racketeering activity, thus violating the Georgia Racketeer Influenced and Corrupt Organizations (RICO) Act. Armstrong claims this conspiracy aimed to expropriate his assets and extract money illegally.
Hence, the stakes are high as the suit unfolds with accusations that paint a grim picture of the darker side of the crypto industry, away from its usual portrayal of technological innovation and wealth generation. The defendants’ alleged actions, if proven, could reveal a labyrinth of nefarious activities beneath the surface of crypto entrepreneurship.
The court has not yet substantiated the accusations, leaving the legal process as the mechanism to unravel the veracity of Armstrong’s claims. This lawsuit is a stark reminder that beneath the sheen of the digital economy, the human element — with all its potential for conflict — plays a critical role.
