Comment on SEC Charges Texas Man With Running Bitcoin-Denominated Ponzi SchemeparentComments−dustcoin13yMost of the PPT operators promoted and profited off of pirate's scam, and should face legal action alongside pirate.PPT operators did not have an incentive to go after pirate, unless they had also invested significant personal holdings in BS&T, because:1) They were investing other peoples' money and taking a fee off the top2) They could face investigation themselves if they went to the authorities.
Comments
Most of the PPT operators promoted and profited off of pirate's scam, and should face legal action alongside pirate.
PPT operators did not have an incentive to go after pirate, unless they had also invested significant personal holdings in BS&T, because:
1) They were investing other peoples' money and taking a fee off the top
2) They could face investigation themselves if they went to the authorities.