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Guilty Plea in First-of-its-Kind Bitcoin Ponzi Scheme

Trendon Shavers pleaded guilty to defrauding investors out of millions of dollars in what U.S. officials are calling a first-of-its-kind Ponzi scheme involving the bitcoin virtual currency. Shavers, 33, was accused of raising 764,000 bitcoins by promising returns as high as 3,641 percent through his Bitcoin Savings and Trust company. He instead allegedly used the […]

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