1. This case involves fraudulent offers and sales of securities by Shavers and BTCST, a Bitcoin-denominated Ponzi scheme founded and operated by Shavers. 2. Bitcoin (“BTC”) is a virtual currency that may be traded on online exchanges for conventional currencies, including the U.S. dollar, or used to purchase goods and services online. In total, SHAVERS fraudulently obtained approximately 146,000 Bitcoin in BCS&T investments, which amounted to approximately $807,380 based on the average price of Bitcoin over the duration of the scheme. SHAVERS pled guilty on September 21, 2015, to one count of securities fraud before U.S. Magistrate Judge Sarah Netburn. 22. In or about early July 2012, in a post on the Bitcoin Forum, Shavers wrote that, beginning August 1, 2012, interest payments on BTCST investments would be lowered to 3.9% weekly. 23. On or about July 23, 2012, in a post on the Bitcoin Forum, Shavers announced that he was eliminating the referral requirement to open a new BTCST account. 24. The value of Bitcoin is volatile and ranges from less than $2 per Bitcoin to more than $260 per Bitcoin (Dkt. #3 at 1). Beginning in November of 2011, Shavers began advertising that he was in the business of "selling Bitcoin to a group of local people" and offered investors up to 1% interest daily "until either you withdraw the funds or my The person behind the first ever Bitcoin securities fraud in the United States is going to spend the next 18 months in prison. Trendon Shavers, the founder of Bitcoin Savings and Trust, a proven ponzi company, was convicted for luring people into investing 764,000 bitcoins (~$4.5 million at the time of investment) with the promise of 7% weekly returns.
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"Top 10 Bitcoin Villains" is presented by Bitcoin.com 1 Mark Karpeles 2 Trendon Shavers 3 Alex Green aka Ryan Kennedy) 4 Steve Chen (gemcoin) 5 Danny Brewster 6 Josh Garza 7 Carl Force & Shaun Bridges In this video we’ll be comparing 5 Electric Shavers that are designed for different kinds of users. Not only will we take build quality, features and shaving quality into account, but price as ... Filmed June 18 - Let's look at the Tezos and USD, BTC & ETH pairings to see how it is shaping up. Good stuff. All the usual T.A here looking at Tezos v USD and Tezos v BTC Without bias or fomo or ... The BTC USD pair has a neutral trend on the 1-hour chart. We get 6590 support, 9200 resistance level from wave indicator. The daily and weekly charts show that they will see resistance points ... U.S holiday price action appears to be playing it's part in Bitcoin's slow price action, but this doesn't change anything. Bitcoin is in a consolidation within a broader BULLISH trend since April.