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Topic: Trendon Shavers was arrested in his home in Texas today, November 6. 2014. (Read 3802 times)

legendary
Activity: 1316
Merit: 1000
Si vis pacem, para bellum
LOL this dude was a scammer on this forum if I'm correct Smiley

1% compounding daily interest. Was great for those who got in early and got out before it collapsed  Cheesy

https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Pity the first post has been edited because it gave the full details of the scheme
I believe that the forum keeps records of edits to posts so if necessary the forum can provide this evidence in the event the case ever goes to trial

Why wouldn't it go to trial now? 
donator
Activity: 1616
Merit: 1003

[nostalgia]Those were the days......when getting BTC was easy.[/nostalgia]

I still have my (appropriately suffixed) GPUMAX fallback worker on BTCGuild, now assigned to an SP30. I can't bring myself to delete it.
full member
Activity: 206
Merit: 100
LOL this dude was a scammer on this forum if I'm correct Smiley

1% compounding daily interest. Was great for those who got in early and got out before it collapsed  Cheesy

https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Pity the first post has been edited because it gave the full details of the scheme
I believe that the forum keeps records of edits to posts so if necessary the forum can provide this evidence in the event the case ever goes to trial
legendary
Activity: 1246
Merit: 1000
LOL this dude was a scammer on this forum if I'm correct Smiley

1% compounding daily interest. Was great for those who got in early and got out before it collapsed  Cheesy

https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Pity the first post has been edited because it gave the full details of the scheme

Doesn't matter, I called it out at the second post after OP (I haven't edited once) and the idiots in this forum still participated in the scam. Everybody knew it was a ponzi scheme and participated because of it, and that's why I lost pretty much all respect for this community here.

Not everybody participated in it, you're blaming the entire community for the stupid actions of a minority. Anyway they got what they deserved in the end, people stupid enough to participate in an obvious Ponzi should not be surprised when they lose their money.
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
LOL this dude was a scammer on this forum if I'm correct Smiley

1% compounding daily interest. Was great for those who got in early and got out before it collapsed  Cheesy

https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Pity the first post has been edited because it gave the full details of the scheme

Doesn't matter, I called it out at the second post after OP (I haven't edited once) and the idiots in this forum still participated in the scam. Everybody knew it was a ponzi scheme and participated because of it, and that's why I lost pretty much all respect for this community here.

Greed overrules sense almost every time sadly.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
LOL this dude was a scammer on this forum if I'm correct Smiley

1% compounding daily interest. Was great for those who got in early and got out before it collapsed  Cheesy

https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Pity the first post has been edited because it gave the full details of the scheme

Doesn't matter, I called it out at the second post after OP (I haven't edited once) and the idiots in this forum still participated in the scam. Everybody knew it was a ponzi scheme and participated because of it, and that's why I lost pretty much all respect for this community here.
full member
Activity: 206
Merit: 100
LOL this dude was a scammer on this forum if I'm correct Smiley

1% compounding daily interest. Was great for those who got in early and got out before it collapsed  Cheesy

https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Pity the first post has been edited because it gave the full details of the scheme
IMO the scam should have been obvious, however he was "paying" investors for some time so people turned a blind eye to the obvious scam
legendary
Activity: 1372
Merit: 1014
Excellent. For once, authorities are chasing real criminals instead of honest tradespeople who exchange BTC for cash or goods and services.  Wink
legendary
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...

[nostalgia]Those were the days......when getting BTC was easy.[/nostalgia]
full member
Activity: 126
Merit: 100
They need most of the big players in the bitcoin community OUT so they can put their little puppets in! At least the USA will be more accepting to bitcoin when they control it!!  Lips sealed
legendary
Activity: 1025
Merit: 1000
LOL this dude was a scammer on this forum if I'm correct Smiley

1% compounding daily interest. Was great for those who got in early and got out before it collapsed  Cheesy

https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Pity the first post has been edited because it gave the full details of the scheme

The original post is quoted here:

https://bitcointalksearch.org/topic/m.607752

Ah cheers. I was too lazy to start reading through the thread  Smiley
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
LOL this dude was a scammer on this forum if I'm correct Smiley

1% compounding daily interest. Was great for those who got in early and got out before it collapsed  Cheesy

https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Pity the first post has been edited because it gave the full details of the scheme

The original post is quoted here:

https://bitcointalksearch.org/topic/m.607752
legendary
Activity: 1025
Merit: 1000
LOL this dude was a scammer on this forum if I'm correct Smiley

1% compounding daily interest. Was great for those who got in early and got out before it collapsed  Cheesy

https://bitcointalksearch.org/topic/bitcoin-savings-and-trust-home-closed-50822

Pity the first post has been edited because it gave the full details of the scheme
legendary
Activity: 1904
Merit: 1002
legendary
Activity: 1512
Merit: 1000
legendary
Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
hero member
Activity: 742
Merit: 500
Interesting precedent.

A lot of other people have been running smaller scale Ponzis since then and some have well known identities as well (such as a couple of guys in BTCJam).

legendary
Activity: 980
Merit: 1040
looking forward to the mug shot
legendary
Activity: 1652
Merit: 1265
LOL this dude was a scammer on this forum if I'm correct Smiley

Quote
Instead, Shavers allegedly used new bitcoin to repay old investors, add to his account at the now-bankrupt Mt. Gox exchange, and fund expenses such a used BMW M5, casino visits and a $1,000 dinner at Gallagher's Steakhouse in Las Vegas.

Read more: http://www.dailymail.co.uk/wires/reuters/article-2824044/U-S-charges-Texas-man-running-bitcoin-Ponzi-scheme.html#ixzz3IJLbNVkV
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