[2015-09-21] Reuters: Texan pleads guilty to running bitcoin Ponzi scheme

[odolvlobo]

http://www.reuters.com/article/2015/09/21/us-usa-crime-bitcoin-idUSKCN0RL2A920150921

Pirate is heading to jail.

[jacee]

Now nwxt is to find the other ponzi operators and dump them all together on the same cell. He is "sorry". Well that can't give back all the money he took away from everyone else. Lucky for him his only going to jail. It could be worse.

[gentlemand]

The wheels of justice sure do turn slowly. I wonder whether any past scammers who thought they'd gotten away with it will eventually be targeted. There are some long memories out there.

[LiteCoinGuy]

Trendon Shavers, who authorities said defrauded investors after raising more than $4.5 million worth of bitcoins while operating Bitcoin Savings and Trust, pleaded guilty in Manhattan federal court to one count of securities fraud.

"I know what I did was wrong, and I'm very sorry," Shavers said in court.



Good. Now Mark Karpeles is in jail too and hopefully Josh Garza will be arrested in the next 12 months. good work.