Trendon Shavers, the McKinney man accused by the Securities and Exchange Commission of running a pioneering Bitcoin Ponzi scheme, hasn't denied that he was running a scam or that he was using investors' cash to finance his day trading and trips to the casino. His main defense is that Bitcoin is not ... More >>
Bitcoin, the decentralized online virtual currency, just hit a milestone of monetary street cred: It's allegedly been used in a Ponzi scheme. The U.S. Securities and Exchange Commission announced today that it has charged Trendon T. Shavers of McKinney for defrauding investors in his Bitcoin compan ... More >>
If you've ever thought that some of those fly-by-night cash-for-gold operations that sprout like weeds when the economy sucks are a scam, well, so does the U.S. Secret Service. Dallas County District Attorney Craig Watkins' office sent word yesterday that a two-year joint investigation with the Sec ... More >>
The 5th U.S. Circuit Court of Appeals struck down a federal district court's order forcing the American Cancer Society to return some $240,000 donated by Irving-based Giant Operating, an oil and gas company the Security and Exchange Commission says defrauded investors of more than $13 million. The ... More >>
Are you listening, old people?
Illustration by Craig LaRotondaThis week's cover story in the Paper Version of Unfair Park covers complaints from a series of investors around the world who say they placed millions of dollars with a group of Dallas men, expected huge, nearly instant returns, and never saw their money again. The ... More >>
This morning in D.C., Attorney General Eric Holder met with the media to discuss Operation Broken Trust, a wide-ranging crime-bustin' effort conducted by an alphabet soup's worth of agencies intended to "protect American investors, to ensure the strength of our markets, and to prevent financial f ... More >>