Trendon Shavers, operating under the alias “pirateat40”, has been charged by US District Court for operating a Bitcoin-related Ponzi scheme, misappropriating approximately $4.5 million worth of Bitcoin. Bitcoin Savings and Trust, along with Mr. Shavers have been accused of illegally appropriating roughly 146,000 of 764,000 Bitcoins (estimated at $4.5 million) his operation raised between SEC charges pirateat40 – and Nation State meets Global Protocol . Posted on July 23, 2013. 1. If you were around the Bitcoin scene last year, you’ll remember the build-up and crash-out of the largest Bitcoin pyramid scam yet, run by “pirateat40“. Turns out they got him. What’s encouraging is not just that he was caught, but that the American law seem to be treating Bitcoin and its John (pirateat40)'s profile on Myspace, the place where people come to connect, discover, and share. use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example.com find submissions from "example.com" Pirateat40 himself disappeared from the forum at that point as well. Even before the scheme failed, forum users doubted BST and many believed it to be a Ponzi scheme. While security and piracy is part of the bitcoin world, BST sits atop as the largest bitcoin related fraud that was committed since its creation in 2009. A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are... Btcst.com User pirateat40 - All Bitcoin Addresses - Complete Wallet Balance . blockpath. All Bitcoin transactions and addresses for user pirateat40 on Btcst.com, who stole $4.6M with their Ponzi Scheme. Go to transactions. 0; Write a reply: Login to comment. no comments (yet) There is nothing here. Submit a new text post . Submit a Bitcoin data post. Stolen. Coins sadly stolen from their
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