Southeast Asian Bitcoin Site Charged With Securities Fraud
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A Southeast Asia-based bitcoin website was charged with securities fraud after 72 others like it were seized and shut down this month by Manhattan’s district attorney.
Bitcoinhyip.org and other companies registered to YouYou Finance were seized Jan. 16 after an investigation that began in July, District Attorney Cyrus Vance Jr. said told an association of money-laundering specialists. An undercover agent e-mailed the site and was told he “could not lose money in the investment,” according to the complaint filed Monday in state court in Manhattan.