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View Full Version : Bitcoin is ripe for fraud and Ponzi schemes, warns SEC - CNET



FraudNews
05-08-2014, 04:25 AM
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ABC News (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNGegi3YaHvg7rnxZOOM7a5vrCDynQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778496511232&ei=VgdrU9jHJIGcgAeXowE&url=http://abcnews.go.com/blogs/business/2014/05/5-bitcoin-warning-signs-in-new-federal-investor-alert/)


Bitcoin is ripe for fraud and Ponzi schemes, warns SEC (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFgB9EicMIg8ONnAHBftFyWvAbHng&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778496511232&ei=VgdrU9jHJIGcgAeXowE&url=http://www.cnet.com/news/bitcoin-is-ripe-for-fraud-and-ponzi-schemes-warns-sec/)
CNET
But the SEC's chief concern was the risk of fraud. "A new product, technology, or innovation -- such as Bitcoin -- has the potential to give rise to both frauds and high-risk investment opportunities," the agency's notice says. "Potential investors can ...
SEC says bitcoin has heightened risk of fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHCQztcuXbmMIwhsXfw5-4vtNDEaQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778496511232&ei=VgdrU9jHJIGcgAeXowE&url=http://www.marketwatch.com/story/sec-says-bitcoin-has-heightened-risk-of-fraud-2014-05-07?link%3DMW_latest_news)MarketWatch
SEC: Bitcoin Poses Fraud Risks for Investors, Forum Users (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNHuqNxvEPJf3rNd8lpOI7jMiHCqLQ&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778496511232&ei=VgdrU9jHJIGcgAeXowE&url=http://www.coindesk.com/sec-bitcoin-poses-fraud-risks-investors-forum-users/)CoinDesk

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