Avoid ‘get-rich-quick’ schemes. They are, more often than not, bogus and fraudulent business ventures.
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
Amy Froide, University of Maryland, Baltimore County
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.
Nir Kshetri, University of North Carolina – Greensboro
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?