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Texas man charged in first-ever bitcoin Ponzi scheme

January 5th, 2015 | by BTC News

Texas man charged in first-ever bitcoin Ponzi scheme
(USATODAY.com) In the first federal securities case involving a Ponzi-scheme using the digital currency, a Texas man was charged Thursday in New York with defrauding investors of millions of dollars worth of bitcoin. Trendon Shavers, 32, was arrested …
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Bitcoin entrepreneur pleads guilty to Silk Road charges
Bitcoin, launched in 2009, is a decentralized digital currency traded from person to person rather than through banks. It is generated by a computer algorithm and has no issuing or regulating country. The currency is not illegal in the USA and some …
Read more on USA TODAY

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