Tag Archives: Trendon Shavers
- Trendon Shavers Gets Prison Time in First-of-its-kind Bitcoin Securities Fraud Case
July 22, 2016
United States’ first federal securities fraud case involving digital currency has ended with an 18-month jail sentence. Trendon Shavers, founder of Bitcoin Savings & Trust, was sentenced in Manhattan federal court on Thursday, several news outlets reported. He was also ordered to forfeit $1.23 million—the amount lost by his 48...
- Trendon Shavers pleads guilty to first-of-its-kind Bitcoin Ponzi scheme
September 22, 2015
The founder of Bitcoin Savings & Trust is facing up to 20 years in prison after pleading guilty to one count of securities fraud on Monday. Trendon Shavers, 33, admitted to defrauding investors after raising an estimated $4.5 million worth of bitcoins while operating BS&T, Bloomberg reported. Shavers’ case is...
- Bitcoin Security Failing Found in Android Devices; NY Regulators Issue Subpoenas to Major Bitcoin Players and Will The Bitcoin Be the Tax Haven of the Future?
August 13, 2013
Bitcoin enthusiasts, and aficionados, are today learning that Bitcoin wallets on Android are vulnerable to theft, because of an issue with a component that generates secure random numbers (I can hear the sigh of, ‘why can’t we just own something that works,’ a million miles away). It’s believed that the...
New Japan law recognizes bitcoin as method of payment
March 31, 2017