Difference between revisions of "Trendon Shavers"

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'''Pirateat40''' (called '''Pirate''') was the operator of the largest scam in bitcoin history: he operated a ponzi scheme<ref>https://bitcointalk.org/index.php?topic=50822.0</ref><ref>http://bitcoinmagazine.net/the-pirate-saga-and-so-it-ends/</ref> which initially promised a guaranteed a daily profit of 1%, and then disappeared with an unknown amount of bitcoins in August 2012. Thoughts were that the amount was about 500,000 bitcoins, valued around US $5 million at the time. These amounts were soon quashed once investigators realized a large hoard of coins found in their analysis did not belong to Pirate, but instead to a black market website with which Pirate used to mix his funds to hide the actual amounts he had held/stolen.
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'''Trendon Shavers''' (known as '''Pirateat40''' or simply '''Pirate''') was the operator of the largest scam in bitcoin history: he operated a ponzi scheme<ref>https://bitcointalk.org/index.php?topic=50822.0</ref><ref>http://bitcoinmagazine.net/the-pirate-saga-and-so-it-ends/</ref> which initially promised a guaranteed a daily profit of 1%, and then disappeared with an unknown amount of bitcoins in August 2012. Thoughts were that the amount was about 500,000 bitcoins, valued around US $5 million at the time. These amounts were soon quashed once investigators realized a large hoard of coins found in their analysis did not belong to Pirate, but instead to a black market website with which Pirate used to mix his funds to hide the actual amounts he had held/stolen.
  
 
== July 2013 ==
 
== July 2013 ==
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[[Category:Scammers]]
 
[[Category:Scammers]]
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[[Category:Criminals]]

Latest revision as of 18:23, 29 July 2015

Trendon Shavers (known as Pirateat40 or simply Pirate) was the operator of the largest scam in bitcoin history: he operated a ponzi scheme[1][2] which initially promised a guaranteed a daily profit of 1%, and then disappeared with an unknown amount of bitcoins in August 2012. Thoughts were that the amount was about 500,000 bitcoins, valued around US $5 million at the time. These amounts were soon quashed once investigators realized a large hoard of coins found in their analysis did not belong to Pirate, but instead to a black market website with which Pirate used to mix his funds to hide the actual amounts he had held/stolen.

July 2013

SEC (The U.S Securities and Exchange Commission) charged Trendon Shavers with defrauding investors in a Ponzi scheme.[3]

References