Tag: Ponzi Shceme

Bitcoin Savings & Trust Ponzi Scheme Operator Sentenced To 18 Months In Jail

Operating a Bitcoin Ponzi scheme is not only morally wrong, but it is also punishable by law. Albeit most countries around the world do not officially recognize Bitcoin as a currency, defrauding other people is a criminal offense. One man in Texas has been sentenced for operating such a Bitcoin Ponzi Scheme, and he will face 18 months in prison. Bitcoin Savings and Trust Ponzi Scheme Is Over It is …
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