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    Anthony's Avatar
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    Default Man charged in Bitcoin 'Ponzi'

    A Texas man ran a Ponzi scheme through the virtual online money system called Bitcoin, pocketing some of his investors' proceeds for his personal expenses and gambling, securities regulators charged on Tuesday, warning that the rise of such digital currencies could lead to more frauds.

    The Securities and Exchange Commission said in a statement that Trendon Shavers, 30, of McKinney, Texas, and his company Bitcoin Savings & Trust used money from new investors to cover withdrawals by other investors and his own expenses...

    http://www.nbcnews.com/business/sec-...eme-6C10722287
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  2. #2
    ElaineGardiner's Avatar
    ElaineGardiner is offline Non-sponsor Affiliate Program
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    Default

    So Trendon Shavers was shaving bitcons?

  3. The Following 2 Users Say Thank You to ElaineGardiner For This Useful Post:

    Harry_IA (25 July 2013), universal4 (24 July 2013)

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