“Pirate@40″ Arrested for Bitcoin Ponzi Scam

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Trendon Shavers, aka “Pirate@40,” was arrested this morning on securities fraud and wire fraud charges stemming from his involvement in a Bitcoin-related Ponzi scheme. A Ponzi scheme is a fraudulent investment operation where the operator pays returns to its investors from new capital paid by new investors, rather than from profit earned.The scheme is named […]

The post “Pirate@40″ Arrested for Bitcoin Ponzi Scam appeared first on CryptoCoinsNews.

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