BREAKING: SEC Charges pirateat40 With Running Bitcoin-Denominated Ponzi Scheme

[Kluge]

AH, now I finally know who pirateat40 is...

Some low life who made money ripping people off.

That describes about 10% of the Bitcoin user base, 15% of the mining pools and 25% of the businesses. lol

And about 12% of regular folks, 75% of auto repair shops, 55% of building contractors, 68% of computer repair shops, 48% of fast food establishments, 93% of foot ware makers, 36% of B&M stores, 100% of Apple and the Government.

So, the Bitcoin community is doing well! Yay!

Speaking of auto shops... Have a car firing on 4-5 of 6 cylinders. Took it into shop I usually get tires replaced at. I said it was fine to replace whatever's wrong without calling if under $250, or to call if it's a more expensive problem. I was figuring spark plugs or solenoid. They didn't check, instead just doing a tune-up. Still the same problem, no notes left, and they charged me $238. 

I can't really imagine taking a PC in, saying the same thing, and have them come back saying they did a tune-up for $238, replacing the RAM and dusting everything off, but not fixing the problem.

[franky1]

getting back on topic..

it seems trendon is still home Facebooking family and friends.. any update on whats happening in his court case?

[wasserman99]

WOW, I never thought the SEC would pay any attention to anything bitcoin. wonder how I missed this story. thanks for sharing! pretty phenomenal stuff that they are paying this much attention. bullish, i think!!! 

[TheButterZone]

Arrest Time: 20130811.23

http://mugshots.com/US-Counties/Texas/Collin-County-TX/Trendon-Shavers.66013789/details/

[Gimmelfarb]

Arrest Time: 20130811.23

http://mugshots.com/US-Counties/Texas/Collin-County-TX/Trendon-Shavers.66013789/details/

hehe, thanks for posting. 

[Kluge]

Arrest Time: 20130811.23

http://mugshots.com/US-Counties/Texas/Collin-County-TX/Trendon-Shavers.66013789/details/

That is just for him beating his wife. Unrelated to the sec case.

I doubt it's unrelated.   

[QuestionAuthority]

AH, now I finally know who pirateat40 is...

Some low life who made money ripping people off.

That describes about 10% of the Bitcoin user base, 15% of the mining pools and 25% of the businesses. lol

And about 12% of regular folks, 75% of auto repair shops, 55% of building contractors, 68% of computer repair shops, 48% of fast food establishments, 93% of foot ware makers, 36% of B&M stores, 100% of Apple and the Government.

So, the Bitcoin community is doing well! Yay!

Yep, it's right on par with the world. Just like the criminal activities of auto repair shops/contractors are dealt with by the government when a victim complains, the the victims in Bitcoinland asked the government to step in and deal with Pirate. Yep, it's right on track.

[QuestionAuthority]

Arrest Time: 20130811.23

http://mugshots.com/US-Counties/Texas/Collin-County-TX/Trendon-Shavers.66013789/details/

That is just for him beating his wife. Unrelated to the sec case.

I doubt it's unrelated.   

You're right. It's related to the mentality of a stupid asshole. The same mindset that makes him think it's ok to steal from people makes him think it's ok to beat his wife.

[Argwai96]

i seem to have missed this story when it happened. does anyone think this has implications for how the us government generally views / legitimizes bitcoin as currency, or at least something of value, like gold?

[nimda]

i seem to have missed this story when it happened. does anyone think this has implications for how the us government generally views / legitimizes bitcoin as currency, or at least something of value, like gold?

Did you see the FinCEN guidelines?

[saddambitcoin]

i started buying btc right after the pirate scandal

always thought "trendon shavers" was a fake name, color me impressed. 

[franky1]

hmm. news has gone quiet on this.. but lets atleast look at what trendon is doing in real life right now

trendon and his wife hired out a stretched limo for the evening, for the kids to go on a 'haunted house' fun day
https://scontent-b-lhr.xx.fbcdn.net/hphotos-ash4/1378326_10201734790629787_1728646743_n.jpg

they stopped at a fast food place
https://scontent-a-lhr.xx.fbcdn.net/hphotos-prn2/1390482_10201735090957295_180389736_n.jpg

notice trendon and his wife at the cashiers desk in the background. and the old guy .. he is the limo driver.

long story short, it seems the fraud arrest and other matters hasn't phased them.

Edit: to anyone complaining that this breaches some privacy laws or someones right to a private life. my response: photos publicly available on facebook.. the end.

EDIT i have taken off the pictures from being instantly viewable due to complaints from posts below, but because the photos are direct links to the open and publicly accessable FB page i cant just black them out..

if i were to take the photo's and edit them and then upload them from tinypic or imgur. then its no longer part of the publicly released photo and i have not been given consent to edit their photo.. thus just linking a publicly accessable original photo without editing or moving to tinypic is the safest bet...

now this post has bumped. anyone with any legal updates?

[BCB]

Franky

Her kids have nothing to do with this. Please take their photos down.

[gweedo]

Franky

Her kids have nothing to do with this. Please take their photos down.

No I like seeing who getting limo rides off my money.

[BorderBits]

They associate with him (and take advantage of his crimes in the process). To me, they aren't that "innocent" no matter their age.

But your opinion is more prevalent I assume. Many people seem to have an urge to protect random children they don't know

Holy shit, you're a creepy fucking moron. 

[revans]

Technically this would be a meta ponzi scheme, transacted as it was via PonziCoin.

[notme]

Technically this would be a meta ponzi scheme, transacted as it was via PonziCoin.

WTF are you talking about?

[surebet]

They associate with him (and take advantage of his crimes in the process). To me, they aren't that "innocent" no matter their age.

But your opinion is more prevalent I assume. Many people seem to have an urge to protect random children they don't know

What's the alternative, run away?

[Phinnaeus Gage]

hmm. news has gone quiet on this.. but lets atleast look at what trendon is doing in real life right now

trendon and his wife hired out a stretched limo for the evening, for the kids to go on a 'haunted house' fun day
https://scontent-b-lhr.xx.fbcdn.net/hphotos-ash4/1378326_10201734790629787_1728646743_n.jpg

they stopped at a fast food place
https://scontent-a-lhr.xx.fbcdn.net/hphotos-prn2/1390482_10201735090957295_180389736_n.jpg

notice trendon and his wife at the cashiers desk in the background. and the old guy .. he is the limo driver.

long story short, it seems the fraud arrest and other matters hasn't phased them.

Edit: to anyone complaining that this breaches some privacy laws or someones right to a private life. my response: photos publicly available on facebook.. the end.

EDIT i have taken off the pictures from being instantly viewable due to complaints from posts below, but because the photos are direct links to the open and publicly accessable FB page i cant just black them out..

if i were to take the photo's and edit them and then upload them from tinypic or imgur. then its no longer part of the publicly released photo and i have not been given consent to edit their photo.. thus just linking a publicly accessable original photo without editing or moving to tinypic is the safest bet...

now this post has bumped. anyone with any legal updates?

http://regex.info/exif.cgi?imgurl=https%3A%2F%2Fscontent-a-lhr.xx.fbcdn.net%2Fhphotos-prn2%2F1390482_10201735090957295_180389736_n.jpg

AND

http://regex.info/exif.cgi?imgurl=https%3A%2F%2Fscontent-b-lhr.xx.fbcdn.net%2Fhphotos-ash4%2F1378326_10201734790629787_1728646743_n.jpg

Profile Date Time   2012:01:25 03:41:57
1 year, 9 months, 2 days, 20 hours, 46 minutes, 46 seconds ago

See how warm everybody is dressed, thus possibly proving the date's correct?

[b!z]

Technically this would be a meta ponzi scheme, transacted as it was via PonziCoin.

1) Do you know what Bitcoin is?
2) Do you know what a ponzi scheme is?
3a) Do you know what a comparison is?
3b) Do you know that two things must have at least one similarity to be compared?