pjviitas
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February 16, 2014, 05:46:20 PM

Considering that Bitcoin  is basically a foreign currency that can be used anywhere in the world (if that makes any sense) I think this is relevant:

http://en.wikipedia.org/wiki/Foreign_exchange_fraud

"In a typical case, investors may be promised tens of thousands of dollars in profits in just a few weeks or months, with an initial investment of only $5,000. Often, the investor’s money is never actually placed in the market through a legitimate dealer, but simply diverted – stolen – for the personal benefit of the con artists."[6]

http://en.wikipedia.org/wiki/Churning_(finance)

Churning is the practice of executing trades for an investment account by a salesman or broker in order to generate commission from the account. It is a breach of securities law in many jurisdictions, and it is generally actionable by the account holder for the return of the commissions paid, and any losses occasioned by the broker's choice of stocks.