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...]
Banker Makes First Court Appearance After Embezzlement Arrest
January 7, 2014 by Leave a Comment
Banker Arrested for Embezzlement Appears in Court for Hearing A banker who disappeared in 2012 was arrested at the end of December on embezzlement charges for defrauding investors of more than $21 million. He made his first court appearance on Thursday, January 2nd, 2014. Lee Price, 47 from Lyons, GA, was arrested on Tuesday, December 31st, 2013. He was originally pulled over for a window tint violation in Glynn County. Price was originally held by police for federal authorities on charges of giving a false name, address, or birthdate to a … [Read more...]
