Review of Coin Offerings Points to Rampant Fraud and Plagiarism

The Wall Street Journal reviewed documents for 1,450 digital coin offerings and found a litany of problems; they found 271 with red flags from plagiarized investor documents to made up executive teams; investors poured over a billion into these red flag offerings and thus far have lost more than $270mn; the WSJ has also seen regulatory enforcement actions and lawsuits from other offerings who promised investor returns and never actually had any employees; while the potential of blockchain technology can help to transform financial services, there are those who are looking to capitalize and exploit the exuberance seen in the market today. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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