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patricktim (OP)
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August 02, 2013, 08:56:35 AM
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http://www.complianceweek.com/bitcoin-cfds-sec-shows-exotic-currencies-and-securities-are-not-beyond-its-reach/article/305699/

According to the SEC, Shavers founded Bitcoin Savings and Trust (BTCST) and sold Bitcoin-denominated investments through the Internet. He allegedly "raised at least 700,000 Bitcoin in BTCST investments, which amounted to more than $4.5 million based on the average price of Bitcoin in 2011 and 2012 when the investments were offered and sold."
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