Bitcoin Ponzi Schemer Charged With Criminal Securities Fraud

By November 7, 2014Bitcoin Entertainment

Trendon Shavers, a Texas man who ran a scam investment scheme called Bitcoin Savings and Trust, has been arrested in his home state.

The charges filed against Shavers today are one count of securities fraud and one of wire fraud.

Each charge has a maximum penalty of 20 years with potential fines totaling upwards of $5m.Shavers, 32, has already been fined $40m by a federal judge in north Texas  in a Securities and Exchange Commission (SEC) -related […]

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