26 Jul '13, 12pm

Al Lewis: SEC goes after the ‘Bitcoin Bernie Madoff’...

By Al Lewis DENVER (MarketWatch) — There doesn’t seem to be a shred of evidence that alleged Ponzi schemer Trendon T. Shavers took a dime from anyone. He took bitcoins. Nevertheless, the Securities and Exchange Commission filed civil fraud charges against Shavers on Tuesday for cheating about 66 so-called investors from Connecticut, Hawaii, Illinois, Louisiana, Massachusetts, North Carolina, and Pennsylvania. Some are calling Shavers, a 30-year-old from McKinney, Texas, the “Bitcoin Bernie Madoff.” The SEC says his alleged “sham” amounted to more than $4.5 million worth of bitcoins. He allegedly diverted some bitcoins for his own personal use, selling them for cash to pay rent, automobile expenses, meals, assorted retail purchases and casinos, the SEC said. Shutterstock.com Enlarge Image Bitcoins look shiny but they aren’t real. When I reached Shavers by phone, he politely...

Full article: http://www.marketwatch.com/story/sec-goes-after-the-bitco...

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SEC goes after the 'Bitcoin Bernie Madoff' - Ma...

marketwatch.com 26 Jul '13, 12pm

By Al Lewis DENVER (MarketWatch) — There doesn’t seem to be a shred of evidence that alleged Ponzi schemer Trendon T. Shav...

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El bitcoin ya tiene su propio Bernard Madoff: se llama Trendon Shavers vía @elconfidencial

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elconfidencial.com 25 Jul '13, 4am

Trendon T. Shavers , de KcKinney, Texas (EEUU) ha sido acusado de fraude por la Comisión de Seguridad y Valores de Estados...