The SEC alleges that Trendon T. Shavers, who is the founder and operator of Bitcoin Savings and Trust (BTCST), offered and sold Bitcoin-denominated investments through the Internet using the monikers “Pirate” and “pirateat40.”
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Backstabber Watch
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From
qz
A court in China's Zhejiang province has sentenced a businesswoman to death for fraud and "illegal fund-raising," after she racked up 428 million yuan ($69.7 million) in trading losses. Lin Haiyan raised 640 million yuan, mostly from friends and...
Anonymous Hades's insight:
Many Ponzi schemers get away without any jail time, but this is a case of the punishment fitting the crime. |
What makes Bitcoin savings better than any other bank? Absolutely nothing.