Erik Voorhees To Settle SEC Bitcoin Violation For $58,000+

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http://abcnews.go.com/Business/wireStory/owner-bitcoin-linked-sites-settles-sec-case-23975428

Erik Voorhees is being penalized for attempting to raise investing money from selling shares of two bitcoin websites, one of which is SatoshiDice.

Erik denied any wrongdoing but he also said he wouldn’t violate anymore SEC laws.

I’m kind of surprised he wasn’t charged with encouraging illegal behavior, such as gambling, since it is illegal in the United States except in select areas.

There are many scams and ponzi schemes involving crypto-currencies, and the SEC had to issue an alert about it last month.

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