

dollar or used to purchase goods or services online. 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. SEC.gov | SEC Charges Texas Man With Running Bitcoin-Denominated Ponzi Scheme.Importantly, the filing also notes, \”Any investment in securities in the United states remains subject to the jurisdiction of the seC regardless of whether the investment is made in U.S.

The SEC document also explains that virtual currencies may be seen as especially attractive to those looking to conduct fraud as a result of the perceived ability to remain anonymous. Their alert provides an overview of Ponzi schemes - a fund that pays earlier investors with new investors\’ money, often promising returns far exceeding alternative opportunities. The SEC charged Shavers with violating the Securities Act of 1933 for unlawfully selling unregistered securities, as well as intentionally misleading and defrauding investors. SEC Charges Operator of Bitcoin Savings and Trust with Fraud.SEC Charges Texas Man in Bitcoin Ponzi Scheme Bitcoin company acquisitions begin: SatoshiDice sells for $11.5mīlockchain-based betting game SatoshiDice has been sold for 126,315 BTC, which at the time of writing was worth around $11.47 million.Bring Back a Gold Standard? | Fox Business VideoĮconomist Ben Powell and Laissez Faire Books executive editor Jeff Tucker on investing in gold and the bitcoin.Stossel discusses the gold standard and bitcoin iTunes – Plan B by Jupiter Broadcasting.Help spread the word on iTunes with a Rating and Review: MP3 Feed | Video Feed | Torrent Feed | iTunes Audio | Ogg Feed MP3 Audio | OGG Audio | Video | HD Video | Torrent | YouTube RSS Feeds: MyPlayer.width(width).height( width * aspectRatio ) Ī series of events kick off this week that lay the foundation for a very productive Bitcoin summer, plus a popular Bitcoin gambling site sells for a record breaking amount, a Bitcoin Ponzi scheme is busted, your emails of the week, and a few surprises! Downloads: Var width = document.getElementById(id).parentElement.offsetWidth To view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video
