Bitcoin scams vs Real World scams

Posted on July 27, 2013


Think the fall-out and compensation after Bitcoinica was bad?

By March 2012 just £168 million had been paid out to policyholders. The PAC believes £500 million should have been distributed by then.

Hodge said: ‘It is completely unacceptable that more than 10 years after the collapse of Equitable Life so many victims still have not received the compensation they are entitled to.

— “MPs blast Treasury over Equitable Life saga

Think pirateat40 was bad?

Prosecutors said the fund was involved in “systematic insider trading” that allowed it to make hundreds of millions of dollars in illegal profits.

— “SAC Capital faces fraud charges

Bitcoin has nothing on the real world for sheer scamminess.

Posted in: Finance, News