“In the case of a Texas man accused of massive Bitcoin-based fraud, a federal judge has ruled that bitcoins are ‘a currency or form of money,’ and are therefore subject to relevant US laws. The case revolves around Bitcoin Savings and Trust (BTCST), a virtual Bitcoin-based hedge fund that many suspected of being a scam. BTCST shut down in August 2012, and the Securities and Exchange Commission (SEC) last month formally charged founder Trendon Shavers with running a Ponzi scheme.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Bitcoin vs Gold: Getting the Most Bang For Your Buck
No Way to Stop 3D Printed Guns, Says Homeland Security.
Police Chief Mark Kessler: Academy trains officers to treat everyone like a criminal
Former Greek defense minister gets eight years and €500,000 fine over €100,000 in asset non-declarat...
"The Fed Made It Possible For Many People To Leak It"
Washington state prepares to take on TSA
FATCA: Probably the Worst Law Americans Don't Know About
NSA harvesting hundreds of millions of personal email contact lists
The Housing Recovery that Never Was Is Over
The Cost of Terror in Brussels
CA Medical Marijuana Dispensary Numbers Shrink in Two-Pronged War of Attrition
Bitcoin Venture Capitalist Roger Ver’s Journey to Anarchism
As Sanctions Hit Iran's Most Vulnerable, the Man Who Dared to Feed Sanction-Starved Iraq Remains in ...
Snowden’s Email Provider Shuts Down
Watch the Movie Before it is Filmed