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Topic: [2016-07-22] Bitcoin Savings & Trust Ponzi Scheme Operator Sentenced To 18 Month (Read 320 times)

legendary
Activity: 1596
Merit: 1010
Hardly anyone will be surprised to find out none of these investments were genuine, netting Shavers 146,000 BTC. Over the duration of this Ponzi Scheme, he collected US$807k from investors, to which he pled guilty on September 21, 2015. Bitcoin Savings & Trust ran for about one full year, between September 2011 and September 2012.

http://themerkle.com/bitcoin-savings-trust-ponzi-scheme-operator-sentenced-to-18-months-in-jail/
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