Pirateat40 Pleads Guilty to $4.6M Bitcoin Ponzi Scheme Charge

Pirateat40 Pleads Guilty to $4.6M Bitcoin Ponzi Scheme Charge

Texas man Trendon Shavers has finally admitted that he indeed was the brain behind Bitcoin Ponzi scheme named Bitcoin Savings and Trust (BTCST). As per a report by the Wall Street Journal, the entire racket was so big that at a certain time it actually had 7 percent digital currency in circulation under its grasp. This case had taken the Bitcoin community by the storm, but now, as per the plea agreement, Trendon will not face the second charge of wire fraud. Trendon T. Shavers, whose online name was pirateat40, is now going to hear his sentence being read out on Feb. 3. We had earlier....


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