Manhattan U.S. Attorney And FBI Assistant Director Announce Securities And Wire Fraud Charges Against Texas Man For Running Bitcoin Ponzi Scheme.
It is a puzzle how and why it took so long for the SEC to make formal charges here.Apparently Shavers had a grand old time out there too with the money.James Gibson aka gigavps to be named as Pirate ponzi scheme fraudulent beneficiary.Sure, you can tell them that Bitcoin is digital money they can use to buy things online, but they already have money they can already use to buy things online.
Bitcoins, a Crypto-Geek Ponzi Scheme. So Bitcoin is the opposite of what happens in a Ponzi scheme.The Securities and Exchange Commission is suing a Texas man for allegedly running a Ponzi scheme he promoted through a Bitcoin.So the Bitcoin faithful have tried to not only convert people, but also convince them to martyr themselves, financially-speaking, for the crypto cause.The only thing that would sound more odd than this is if it was made up, but it is real.
Bitcoin used in Ponzi, SEC says. claiming that it was used to promote a Ponzi scheme. In the online Bitcoin Forum, Mr.Well, Bitcoin saves you money by making transactions irreversible. So. if I get scammed, I got scammed.Law enforcement,...
Everyday another bitcoin scam is exposed, asking the question: Why bother with Bitcoin.Contrary to the representations made to investors, the SEC is alleging that BTCST was not in the business of buying and selling Bitcoin at all.
The Securities and Exchange Commission charged a Texas man and his company with defrauding investors in a Ponzi scheme involving Bitcoin, a virtual currenc.SEC Charges Texas Man With Running Bitcoin-Denominated Ponzi Scheme (Pirate).
BTCST was a sham and a Ponzi scheme in which Shavers used Bitcoin.
Buying things with Bitcoin would be like cashing out your Apple stock in 1978 to go grocery shopping even though you have plenty of actual cash lying around.