US Attorney Preet Bharara announced the arrest today of Trendon Shavers.
He is awaiting a court appearance in Texas on charges of securities fraud and wire fraud.
Authorities say Shavers has already been ordered by a federal court in Texas to give up more than USD 40 million and pay a USD 150,000 penalty in a related civil case.
Bharara says Shavers caused about half of 100 investors to lose all or part of their bitcoin investment in 2011 and 2012.
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