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...]
BitCoin Entrepreneurs Plead Guilty to Federal Charges for Illegal Money Transfer Business
March 9, 2020 by Leave a Comment
Two BitCoin Operators Plead Guilty to Federal Charges for Illegal Money Transfer Business Two major players in the BitCoin craze – a NYC-based BitCoin company, and a Florida-based BitCoin exchanger – have pleaded guilty to federal charges for operating unlicensed money transfer businesses, which allowed the internet currency to be funneled back into the black market website, the Silk Road. Charlie Shrem, 24, pleaded guilty to federal charges for aiding and abetting the operations of an unlicensed money transfer business, and Robert Faiella, … [Read more...]
Owner of Silk Road Arrested on Serious Federal Charges
October 9, 2013 by
Creator of BitCoin and Owner of Silk Road Exchange Website Arrested on Federal Charges for Drugs, Attempted Homicide Federal agents have officially seized and shut down the Silk Road, a billion-dollar website that operated using its own currency called BitCoins, and arrested its creator on serious federal charges. The government has been attempting to seize the website for years because it allegedly operated as a huge black market, notorious particularly for the sale of illegal drugs, fake drivers’ licenses, hacking services, and … [Read more...]
