First Ever Bitcoin Ponzi Scheme Lands Texas Resident with Federal Charges On Thursday, November 6th, a Texas man was charged for a Bitcoin Ponzi scheme created to defraud his investors in the First Pirate Savings and Trust. This will be the first federal criminal securities fraud involving Bitcoin, a completely internet-based currency with no central governing body. Trendon Shavers, 32, faces federal charges including misappropriating 146,000 of the 764,000 bitcoin, which was worth $4.5 million between September 2011 and September 2012, … [Read more...]
Investors Receive Money from 3 Hebrew Boys Scam
October 10, 2014 by Leave a Comment
Scam Victims Receiving Restitution in 3 Hebrew Boys Aftermath On Wednesday, October 8th, US Attorney Bill Nettles reported that former investors in the 3 Hebrew Boys scam will begin to receive their part of $19 million, which hopefully is the third of many rounds of restitutions for the scam victims. The first round went out in May 2012, and the second went out in June 2013. Around 3,800 checks were mailed to the former investors, Nettles said in a news release, which gives the victims about 46 cents to every dollar they lost. The three … [Read more...]
