[Infowarrior] - Bitcoin Ponzi scheme: SEC charges Texas man

[Richard Forno]

(h/t anonymous)

Bitcoin Ponzi scheme: SEC charges Texas man

Bitcoin Ponzi scheme raised at least $4.5 million from investors in the digital currency. But SEC says Bitcoin operator used some proceeds for personal expenses, then covered withdrawals with money from new investors.

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http://www.csmonitor.com/layout/set/print/Business/Latest-News-Wires/2013/0724/Bitcoin-Ponzi-scheme-SEC-charges-Texas-man

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Just because i'm near the punchbowl doesn't mean I'm also drinking from it.