The Securities Exchange Commissioner Warns Ponzi Schemes Using Virtual Currencies
In a recent Investor Alert, the Office of Investor Education and Advocacy of the Securities Exchange
Commission issued warnings to investors about emerging ponzi
schemes utilizing virtual currencies such as Bitcoin to raise money from unsuspecting investors.
Also, in SEC v. Shavers, the SEC noted in its press release its complaint filing against a bitcoin ponzi
scheme promoter who used a purported bitcoin investment scheme to raise money to pay for his
personal expenses. Surely not a safe place to put your money.
We offer a free initial consultation to investors who feel they may have been victimized in virtual
currency investment schemes. For an appointment contact the Law
Offices of Timothy J. O’Connor at (518) 426-7700.
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