ponzi scheme

Cryptocurrency Ponzi Scheme or How I Tried to Believe in Miracle
March 1st, 2015

This story is about how awesome inventions of technology world can be used by scammers to deceive people, about people who dreams of easy money and how well they can find each other.

Hong Kong’s Central Bank Warns Against Bitcoin in Wake of Ponzi Scheme
February 10th, 2015

The Hong Kong Monetary Authority warned public against investing in digital currencies amid local media reports that a bitcoin exchange had run off with $387M in client funds.

SEC Bashes ‘Bitcoin’s Bernie’ in Unprecedented Ponzi Prosection
November 7th, 2014

Bitcoin’s Bernie Madoff equivalent Trendon Shavers, the owner of Bitcoin Savings and Trust company, was arrested on wire fraud and securities fraud charges in Texas and the SEC are not likely to let him off with just a slap on the wrist.