Web Toolbar by Wibiya
Login | Sign Up AnonymousUser
twiter
New to Comunitee?


or Sign Up with Email

Tech

>> BELLY Latest News

JUL 23, 2013 - Wired

A Must Read - Share

SEC Says Man Fittingly Named 'The Pirate' Ran Bitcoin Ponzi Scheme

On Tuesday the Securities and Exchange Commission (SEC) charged Trendon Shavers, a.k.a. Pirate40 with operating a 700,000 Bitcoin Ponzi scheme. At today's prices that would represent more than $65 million, but the company that Shavers operated -- Bitcoin Savings and Trust -- went belly up a year ago. Back then, the Bitcoins would have been worth about $5 million.    

Tags: SEC Says Man Fittingly Named 'The Pirate' Ran Bitcoin Ponzi Scheme,  Belly Latest News