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Boss of US bitcoin firm charged with fraud

Prosecutors accuse Texan Trendon Shavers of running a US$4.5m Ponzi scheme
Saturday, November 8, 2014 - 05:50
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A TEXAS man who ran a firm that claimed to make virtual currency-based investments was accused of masterminding a US$4.5 million Ponzi scheme in what US prosecutors said was a first-of-its-kind case tied to bitcoins.

New York

A TEXAS man who ran a firm that claimed to make virtual currency-based investments was accused of masterminding a US$4.5 million Ponzi scheme in what US prosecutors said was a first-of-its-kind case tied to bitcoins.

Trendon Shavers, founder of Bitcoin Savings and Trust,

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