+16 16 0
Published 10 years ago by Nolan with 3 Comments
by Nolan
10 years ago 3

Texas man must pay $40.4M for running Bitcoin-based scam, court rules

Judge labels Bitcoin Savings and Trust a "sham and a Ponzi scheme."

Continue Reading http://arstechnica.com

Join the Discussion

  • Auto Tier
  • All
  • 1
  • 2
  • 3
Post Comment
  • robmonk
    +1

    None of that 40 million will go to the victims.

    10 years ago
    Reply
    Save
  • grandtheftsoul
    +1

    Has this news affected the price of bitcoin?

    10 years ago
    Reply
    Save
    1 Replies
    • hedman
      +1

      It's currently hovering at around $400, which seems low. But I'm not sure what it was 24 hours ago.

      10 years ago
      Reply
      Save

Here are some other snaps you may like...

discover your
interests.

Check out our front page for a lot more stuff!

US judge calls Bitcoin company 'Ponzi scheme' and levies $40m fine

Texas man charged in first-ever bitcoin Ponzi scheme

Without Drugs, What's the Point of Bitcoin?

What Bitcoin slump? Coinbase raises $75 million

Indie games site Itch.io wants your bitcoins