Jordan Underhill, J.D., CFE
Are the prices of cryptocurrencies being manipulated?
Investors and regulators are concerned that cryptocurrencies are highly susceptible to price manipulation. This danger is particularly pronounced for the hundreds of small, thinly traded “altcoins” that have popped up in the wake of the success of bitcoin and Ethereum. In February, the Commodities Futures Trading Commission (CFTC) issued an advisory warning investors that these small virtual currencies are targets for pump-and-dump schemes.
Written By: Jordan Underhill, J.D., CFE
Initial coin offerings
Initial coin offerings (ICOs) are a recent phenomenon used for funding companies that are developing new digital currencies and associated technologies. However, companies offering ICOs are often eager to skirt securities regulations and disclosure requirements, leaving potential investors with vague or misleading information — and fraudsters with new opportunities.
Written By: Jordan Underhill, J.D., CFE
Begin Your Free 30-Day Trial
Unlock full access to Fraud Magazine and explore in-depth articles on the latest trends in fraud prevention and detection.