Hmmm... interesting. But its just accusations from the lawyer's side. Any idea what happened to the case? Like what was the ruling? Jail? Fine? i cant seem to find any info online about it. Just the key words bring up a lot of news items about shavers and the accusations only. Did it not go to trial?
Ignore the scaremongerer, they have their own agenda (to hide the fact they are scammers themselves)
See these noobs do not know about ponzi's of the past, I will tell the story.
Once upon a time there was a guy name Trendon Shavers Aka pirate40, he had a system that paid 7% weekly to all depostis at his bitcoin savings and trust. The so called scaremongers warned all the sheeples about it but no one would listen. It got to the point where he would only accept large bitcoin deposits of 250 coins if I recall correctly. There was even pass through operators that would pool funds from smaller investors so everyone could get a piece of this fantastic thing. All while fearmongeres were warning people to stay away. One day Mr. Pirate40 did not pay and million and millions of dollars and the money was all gone. Search box about Pirate40 BS&T and bitcoin savings and trust or pirate pass through.
That's all good.... but its just the same info spelled differently. What I want to know is whether the trial is over and what the sentence was. Or is the trial still ongoing? There seems to be a lot of guesses and no sources in the threads. What makes you say this is illegal? From what I read, all the accusations were for misrepresentation, which I understand is illegal. Its the same as a gambling website that advertises to people that winnings are guaranteed.... its falsely advertising the benefits and misrepresenting the risks. From what I can tell, nothing is misrepresented here...
