Trendon may have actually found a lawyer to represent him:
http://www.secvshavers.com/blog.html
"Defendants' Response To the SEC's Motion for Sanctions" http://www.secvshavers.com/documents.html
Topic: SEC Charges Texas Man With Running Bitcoin-Denominated Ponzi Scheme (Read 43061 times)
February 20, 2014, 09:13:13 PM
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What ever happened with this?
Read up yourself...
http://ia800904.us.archive.org/35/items/gov.uscourts.txed.146063/
July 24, 2013, 08:15:36 AM
Here is the SEC complaint: http://www.sec.gov/litigation/complaints/2013/comp-pr2013-132.pdf
July 23, 2013, 06:06:52 PM
Economy > Marketplace > Securities > SEC Charges Bitcoin Savings and Trust (BTCST) as Ponzi Scheme
https://bitcointalksearch.org/topic/sec-charges-bitcoin-savings-and-trust-btcst-as-ponzi-scheme-261235
Bitcoin Discussion (Moderators: hazek, tysat) > BREAKING: SEC Charges pirateat40 With Running Bitcoin-Denominated Ponzi Scheme
https://bitcointalksearch.org/topic/breaking-sec-charges-pirateat40-with-running-bitcoin-denominated-ponzi-scheme-261290
https://bitcointalksearch.org/topic/sec-charges-bitcoin-savings-and-trust-btcst-as-ponzi-scheme-261235
Bitcoin Discussion (Moderators: hazek, tysat) > BREAKING: SEC Charges pirateat40 With Running Bitcoin-Denominated Ponzi Scheme
https://bitcointalksearch.org/topic/breaking-sec-charges-pirateat40-with-running-bitcoin-denominated-ponzi-scheme-261290
July 23, 2013, 01:22:55 PM
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FOR IMMEDIATE RELEASE
2013-132 Washington D.C., July 23, 2013 — The Securities and Exchange Commission today charged a Texas man and his company with defrauding investors in a Ponzi scheme involving Bitcoin, a virtual currency traded on online exchanges for conventional currencies like the U.S. dollar or used to purchase goods or services online.
The SEC alleges that Trendon T. Shavers, who is the founder and operator of Bitcoin Savings and Trust (BTCST), offered and sold Bitcoin-denominated investments through the Internet using the monikers “Pirate” and “pirateat40.” Shavers raised at least 700,000 Bitcoin in BTCST investments, which amounted to more than $4.5 million based on the average price of Bitcoin in 2011 and 2012 when the investments were offered and sold. Today the value of 700,000 Bitcoin exceeds $60 million.
2013-132 Washington D.C., July 23, 2013 — The Securities and Exchange Commission today charged a Texas man and his company with defrauding investors in a Ponzi scheme involving Bitcoin, a virtual currency traded on online exchanges for conventional currencies like the U.S. dollar or used to purchase goods or services online.
The SEC alleges that Trendon T. Shavers, who is the founder and operator of Bitcoin Savings and Trust (BTCST), offered and sold Bitcoin-denominated investments through the Internet using the monikers “Pirate” and “pirateat40.” Shavers raised at least 700,000 Bitcoin in BTCST investments, which amounted to more than $4.5 million based on the average price of Bitcoin in 2011 and 2012 when the investments were offered and sold. Today the value of 700,000 Bitcoin exceeds $60 million.
Read more on https://www.sec.gov/servlet/Satellite/News/PressRelease/Detail/PressRelease/1370539730583#.Ue616tK-r_j
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