Pirateat40 consistently maintained that he made his money legitimately through secret investment strategies. ![]() "When I know, you will," says his away message in the fund's official chat room, an effort to quiet the loudening chorus of, " WHERE ARE MY BITCOINS?" Ten days later, investors are still waiting to get paid and pirateat40 is on the defensive. On August 17, pirateat40 announced the closure of Bitcoin Savings & Trust, a virtual hedge fund that promised to pay high rewards to investors who parked their Bitcoins there. ![]() Remember pirateat40, the e-currency banker we speculated could be the Bernie Madoff of Bitcoin? Well, it looks like he owes a lot of people money.
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