40 Results for

ponzi

Article

Bitcoin is ripe for fraud and Ponzi schemes, warns SEC

Government agency cautions about the use of cryptocurrencies, saying they’re more likely to be used by “fraudsters to perpetrate fraudulent investment schemes.”

By May 7, 2014

Article

SEC accuses Texas man of running Bitcoin Ponzi scheme

"Fraudsters are not beyond the reach of the SEC just because they use...virtual currency to mislead investors and violate federal securities laws," the SEC says, as it files charges against a Texas man.

By July 23, 2013

Article

Bitcoin-mining company Butterfly Labs shut down by FTC

Company marketed specialized computers designed to produce the cryptocurrency but delivered useless machines, according to an FTC complaint.

By September 23, 2014

Article

Bitcoin exchanges reportedly probed over link to Silk Road

Several exchanges, including shuttered Mt. Gox, have received subpoenas probing possible ties to the online drug marketplace, the Wall Street Journal reports.

By May 19, 2014

Article

AT&T hacker 'Weev' sends feds 'invoice' for time in prison

Andrew Auernheimer demands restitution of 28,296 bitcoins, about $13.2 million, after his conviction was overturned.

By May 20, 2014

Article

Bitcoin startup Circle unveils no-fee digital currency banking

Financial services company aims to provide a secure, insured banking service that will take the cryptocurrency mainstream.

By May 16, 2014

Article

Dogecoin wallet goes offline, possible hack underway

As Dogevault's website becomes unavailable, users of the popular wallet report mysterious withdrawals of hundreds of thousands of the virtual currency from their accounts.

By May 12, 2014

Article

Bitcoin processor Bitpay scores $30 million in funding

An investor group that includes Virgin Group Chairman Richard Branson and Yahoo co-founder Jerry Yang is betting that Bitcoin has a bright future despite recent setbacks.

By May 13, 2014

Article

Bitcoin wins US election panel's approval for political donations

Federal regulator finds the cryptocurrency qualifies as "money or something of value" but imposes restriction on its use.

By May 8, 2014

Article

Poker site CEO arrested in multimillion Ponzi scheme

Raymond Bitar, founder of Full Tilt Poker, was arrested at JFK Airport and charged with siphoning $430 million in gamblers' winnings.

By July 2, 2012