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Tag: BCS&T

Texas Man Pleads Guilty to Bitcoin Fraud

Category: Finance, News

Texas Man Pleads Guilty to Bitcoin Fraud

Trendon Shavers of Texas, USA, pleaded guilty in a New York court to bitcoin-related securities fraud on September 21, 2015. Shavers operated the bitcoin-based investments and securities firm Bitcoin Savings and Trust (BCS&T), offering bitcoin investments and derivatives online. In total, the Federal Bureau of Investigation reported that Shavers gathered approximately 146,000 bitcoins in BCS&T investments, which during the time…

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