I agree that Bitconnect should be taken to the ringer, their assets seized, and whatever leftover BTC returned to the people that got screwed. But this does bring up a good point. DO NOT INVEST WHAT YOU CAN'T AFFORD TO LOSE. Also, I don't care if you knew it or not, you cannot look me in the eye and tell me you expected this would last. I took one look at this and was like no way, plus I make more than their 1%/day in a single trade so why lock my money up where it would not be making as much.
Come on people, anyone with half a brain can make 1 trade a day in crypto and net 1%, even 2% is easy.
As far as going after the people that promoted it on Youtube and social media outlets. Keeping in mind that I am not a lawyer of course. But unless someone can prove that they took payment from the company (it could technically be argued that the affiliate program is considered payment) I do not see them being in trouble. Just because someone promotes something on their own free will does not mean they are accountable for the actions of others, freedom of speech gives them that right.
Yeah they will have to find some sort of connection, but I think its there. I would be destroying hard drives right now if I were them.