March 24, 2015 / 11:07 AM / 4 years ago

Texan pleads not guilty in first bitcoin-linked securities fraud case

(Reuters) - A Texas man pleaded not guilty on Monday to bilking investors in what prosecutors call the first criminal securities fraud case to arise out of a scheme involving bitcoins.

Trendon Shavers, who operated Bitcoin Savings and Trust, entered the plea in Manhattan federal court following his indictment earlier this month on charges that he ran a bitcoin-related Ponzi scheme.

To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/1LS6E5S

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