Bitcoin Savings and Trust Facing SEC Investigation Over 'Ponzi Scheme'
Alistair Charlton
2012-09-27
http://www.ibtimes.co.uk/articles/388782/20120927/bitcoin-savings-trust-sec-investigation-pirate-ponzi.htm...
Founded in 2008, and with honourable intentions from its creators and many users, the BitCoin currency is almost immune to money-laundering and hard to track, making it ideal for users looking to make illegal purchases online.
...
Bitcoin Savings and Trust has now caught the SEC's attention, according to Willard Foxton at the Telegraph, who claims to have seen an email sent by SEC investigator Philip Moustakis to many of those who invested in Pirate's scheme
...
"the BitCoin currency is almost immune to money-laundering"
perhaps he meant almost ideal for money-laundering? ...or almost immune to money-laundering laws?
...the SEC investigation will no doubt lower the value of Bitcoins and possibly scare investors away from the currency altogether.
no doubt eh? If only predicting the market were as simple as this guy assumes.