Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud - News Summed Up

Buyer Beware: Hundreds of Bitcoin Wannabes Show Hallmarks of Fraud


Hundreds of technology firms raising money in the fevered market for cryptocurrencies are using deceptive or even fraudulent tactics to lure investors. In a review of documents produced for 1,450 digital coin offerings, The Wall Street Journal has found 271 with red flags that include plagiarized investor documents, promises of guaranteed returns and missing or fake executive teams.


Source: Wall Street Journal May 17, 2018 16:06 UTC



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