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Friday, 19 September 2014

Bitcoin Ponzi Scheme Perpetrator Fined $40 Million

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A Texas man charged with defrauding consumers through an illicit investment vehicle has been ordered to pay more than $40m in fines by a federal judge.


The Thursday ruling brought to close a case launched last July that drew headlines at a time when many in the mainstream US media were only first learning about bitcoin and its related technology.


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