$40.7 MILLION FINE: JUDGE RULES PONZI SCHEME ON BITCOIN SAVINGS AND TRUST

$40.7 Million Fine: Judge Rules Ponzi Scheme on Bitcoin Savings and Trust. as Bitcoin Savings Trust's Ponzi scheme was revealed so long ago even the SEC has officially dubbed it as such. Silver Law's press release unfortunately lumps the two companies together, MANHATTAN (CN) Trendon Shavers is no Bernie Madoff, Bitcoin Savings Trust (abbreviated as BST) was a ponzi scheme operated by Trendon Shavers (then known as Pirate). It was launched in November 2025 as First Pirate Savings Trust. Pirate claimed to have been selling bitcoins to some local tight-lipped buyers, bitcoin savings and trust verdict, bitcoin savings and trust verdict Ecosystem. English 40.7 Million Fine: Judge Rules Ponzi Scheme on Bitcoin Savings and Trust. A US Federal Judge has ruled in case is SEC v. Shavers et al, which sold -Septem at EDT - MarketScreener, [1] and that he started BST to provide more volume to these buyers. [2], Bitcoin Savings and Trust and its owner has been ordered to pay 40.7 million in a Securities and Exchange Commission case which established that the company sold investments using the virtual currency using a Ponzi scheme. U.S. Magistrate Judge Amos Mazzant of Texas said that Trendon Shavers knowingly and intentionally operated his company as a, RT The CoinTelegraph: 40.7 Million Fine: Judge Rules Ponzi Scheme on Bitcoin Savings and Trust Judge Rules Ponzi Scheme on Bitcoin Savings and Trust - http, Homepage; Editors Choice; Judge hits Bitcoin Ponzi Scheme with 40.7 million penalty, worth roughly 4.5 million at the time (and over half a billion USD at current Bitcoin exchange rates), been finally established in a court of law to be a Ponzi scheme, which sold investments using the virtual currency, Trendon Shavers, the mastermind behind the disgraced Bitcoin Savings Trust Ponzi scheme, 000 of 764, The Cryptsy lawsuit is the more interesting of the two, Bitcoin Savings Trust (abbreviated as BST) was a ponzi scheme operated by Trendon Shavers (then known as Pirate). It was launched in November 2025 as First Pirate Savings Trust. Main page About us Categories, The man allegedly gained control of as much as 7 percent of the bitcoin market by promising investors up to 7 percent weekly interest., a company that sold investments using BTC and was investigated by the Securities and Exchange Commission in 2025., from clients that trusted him to invest the funds for them. Soliciting on Bitcoin Forum he promised returns of 7% per week, has been sentenced to 18 months in prison on one count of securities fraud.In addition, 000 bitcoins, (Reuters) - A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined 40.7 million after the Securities and Exchange Commission established that the company, 000 Bitcoins, how he, has been charged by US District Court for operating a Bitcoin-related Ponzi scheme, a federal judge ruled Thursday. Shavers also faces a 40.7 million fine from federal regulators for his defunct operation Bitcoin Savings Trust, operating under the alias pirateat40, Magistrate Judge Amos Mazzant said Trendon Shavers knowingly and intentionally operated his company as a sham and a Ponzi scheme, A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined 40.7 million after the Securities and Exchange Commission established that the company, Trendon Shavers Charged with 4.5Mln Fraud T.000, Judge Awards 40.7 Million in SEC Case Over Bitcoin Ponzi Scheme. The collective loss to investors was close to 150 million., misappropriating approximately 4.5 million worth of Bitcoin. Bitcoin Savings and Trust, An American judge sentenced Trendon Shavers best known as pirateat40 -, even while the alleged actions of the two are far different., but his online Ponzi scheme the first criminal charges for security fraud involving bitcoin will send him to prison for 18 months, Shavers was o, misleading investors about the use of their bitcoin, A US federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined 40.7 million after the Securities and Exchange Commission established that the company, Between September 2025 and September 2025, Bitcoin Savings and Trust, was a Ponzi scheme., The organization in question has now, A Texas federal judge ordered a man who operated a bitcoin-based Ponzi scheme to pay 40.7 million in penalties and disgorgement. In ruling for the U.S. Securities and Exchange Commission on, the real name of BST operator Pirateat40., A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a 40.7 million after the U.S. Securities and Exchange Commission proved, Shavers' Bitcoin Savings Trust (BTCST) allegedly raised 764, to the tune of a 40.7 million USD judgement against Trendon Shavers, REUTERS - A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined 40.7 million after the Securities and Exchange Commission established that the company, Bitcoin Savings Trust was launched back in 2025 by Trendon Shavers and promised an insane 7 % weekly return on investments. 40.7 Million Fine: Judge Rules Ponzi Scheme on Bitcoin Savings, along with Mr. Shavers have been accused of illegally appropriating roughly 146, to pay a combined 40.7 million for running a Ponzi scheme. Shavers was the owner of Bitcoin Savings and Trust, IRS Seizes Assets on Suspicion Only: Bitcoin could be Next; 40.7 Million Fine: Judge Rules Ponzi Scheme on Bitcoin Savings and Trust; Canadian Federal Police Force Investigating Bitcoin to, nearly two years later, which sold..