[2015-09-22] NDTV: Texas Man Pleads Guilty in NY Bitcoin Securities Fraud Case

[polynesia]

Texas Man Pleads Guilty in NY Bitcoin Securities Fraud Case

http://gadgets.ndtv.com/internet/news/texas-man-pleads-guilty-in-ny-bitcoin-securities-fraud-case-743179

A man involved in what federal authorities have described as the first Bitcoin securities fraud case pleaded guilty on Monday.

Trendon Shavers, of McKinney, Texas, pleaded guilty in New York to a count of securities fraud on his 33rd birthday. He told US Magistrate Judge Sarah Netburn that he made false statements to investors.

The government said the false statements he told included promising investors as much as a 1 percent daily gain if they entrusted him with their Bitcoins, digital currency created and exchanged independent of banks or governments.