- The U.S. Judge orders the Bitcoin Ponzi Agent to be put behind the bars.
- As the agent is accused of refusing court orders for paying $40 Million to the SEC.
The District Judge of Texas, Judge Amos L. Mazzant ordered a Bitcoin Ponzi Agent to be caught and jailed as he has refused multiple court orders. The agent also failed to pay around $40 Million to the United States Securities Exchange and Commission (SEC.) However, in 2015 the ponzi agent appealed guilty to securities fraud.
District Judge Amos L. Mazzant’s Order
Earlier this week, as per the Bloomberg report, Judge Amos L. Mazzant stated that a bitcoin ponzi agent will be caught and jailed for civil scorn, unless the ponzi agent immediately gives overdue documents and payments.
Trendon Shavers, 33 years old, a resident of McKinney, Texas, owes the U.S. SEC over $40 Million. He pleaded guilty to one count of securities fraud in September 2015. However, he has repeatedly ignored court orders.
The District Judge Mazzant said, “Shavers’s flagrant disregard for the Court’s orders on multiple occasions leads to only one conclusion: Shavers will only comply with the Court’s orders if he is incarcerated.”
Mazzant’s scorn order focuses on the SEC’s effort to enforce the $40.4 Million civil judgment. And the authority asked for certain financial documents to find out Shavers’ ability to pay the disgorgement award.
According to the court, the documents and two of the payments have already failed to…
