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Sam Bankman-Fried, once considered a star in the freewheeling world of cryptocurrency, has been charged with conspiracy, fraud and money laundering. Stefani Reynolds/AFP via Getty Images

FTX’s collapse mirrors an infamous 18th century British financial scandal

In the Charitable Corporation Scandal, a group of politically connected directors leveraged the company’s altruistic image to attract investors – before raiding the funds to prop up other ventures.
The anonymous nature of cryptocurrency transactions is ideal for con artists. seksan Mongkhonkhamsao/Moment via Getty Images

Scams and cryptocurrency can go hand in hand – here’s how they work and what to watch out for

From initial coin offerings that are totally fake to fraudsters demanding payments in crypto, scams involving cryptocurrencies are on the rise. Two experts explain why – and how to protect yourself.
Would you buy medicine from this man? Carol M. Highsmith/Wikimedia Commons

Why do people believe con artists?

People everywhere have always had a sweet tooth for the unreal, enthralled by what should be taken as too good to be true. Why do people ignore the obvious and believe the bizarre?
Don’t end up like this person. fizkes/Shutterstock.com

How cryptocurrency scams work

Cryptocurrency fraudsters have swindled their victims out of hundreds of millions – even billions – of dollars. What do they do to earn people’s trust and then take their money?
Bitcoins and benjamins: Which is the real currency? David McBee/Pexels

What is the real value of a bitcoin?

One of the hot questions regarding the bitcoin since the first ones were created in 2009 is its real value. We will try as well to answer to this question using two concepts in economics and finance.
The technology that drives Bitcoin enables almost riskless storage and transfer of value and data. Image sourced from Shutterstock.com

Don’t blame Bitcoin for the madness of men

It’s just a matter of time before Bitcoin secures legitimacy as a currency.
As bankers for convicted fraudster Bernie Madoff, JP Morgan Chase has borne the cost of ignoring warnings. AAP

JP Morgan must bear the cost of its blind eye on Madoff

The shadow of convicted fraudster and stockbroker Bernie Madoff continues to hang over Wall Street. As part of a deferred prosecution agreement, investment bank JP Morgan Chase agreed on Tuesday to pay…

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