Alleges Extortion, Fraud in Lamborghini & Crypto Empire Feud

Ben Armstrong, better known as BitBoy, has gone public with serious accusations against former business associates, claiming they engaged in extortion, fraud, and organized crime. This messy situation, fueled by a stolen Lamborghini, has blown up into a wider legal and financial fight, involving several people and a cryptocurrency business worth millions.

Armstrong says he was tricked, threatened, and ultimately strong-armed into handing over valuable assets. His story suggests a complex web of made-up accusations, financial tricks, and betrayal.

Extortion and Financial Games Alleged

Armstrong asserts his problems started with TJ Shedd and his business partners, who he says plotted to kick him out of their joint venture. He describes a string of deceptive actions, including fake police reports, phony legal papers, and scare tactics.

Related: BitBoy’s Former Company Hit Network Subpoenaed by CFTC

Crucially, he points to a meeting with Carlos Diaz, who he alleges pressured him into signing over his Lamborghini with threats of violence. Diaz, apparently with a criminal history, is accused of using fear to wrestle money and assets from Armstrong.

Workplace Spat Twisted into “Misconduct”

Additionally, Armstrong claims fabricated accusations were used to trash his reputation. He talks about an incident where a small workplace argument was blown up into an allegation of misconduct, which authorities later threw out.

According to Armstrong, these moves were part of a calculated plan to cut him off and grab control of his business ventures.

Legal War and Corporate Double-Cross

The argument has gone to court, with Armstrong filing police reports and trying to get back financial losses he estimates at over half a million dollars.

Related: Ben Armstrong Pulls Up On Former Associate Carlos Diaz, Gets Arrested

He alleges a bigger $27 million scheme involving tax evasion and stolen notary stamps across several states. Despite showing evidence in court, his extortion claims were initially dismissed, adding to his frustration with the legal system.

He’s also pointing fingers at his former legal representatives, especially George Kic, accusing them of misconduct and secretly working with Shedd’s group. He thinks these legal maneuvers were designed to keep him tied up in lawsuits while his enemies kept hold of key business assets.