Bitcoin Ponzi Schemer Lost a Bet

By November 6, 2014Bitcoin Business

There are no coins though. Photographer: George Frey/Getty Images Trendon Shavers, alias "pirateat40," 1 ran a bitcoin fund called "Bitcoin Savings and Trust." BCS&T was apparently a Ponzi scheme. We knew that; the Securities and Exchange Commission brought a civil case against him last year, which resulted in a $40 million judgment . But other people knew it before the SEC did. Individual-2, for instance, had a pretty good idea: In or about early […]

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