Cryptocurrency is still trending this year – so much so that you might feel like you need to go out there and get your very own part of the pie. However, it’s essential to be informed of the scams out there so that you don’t end up wasting your hard earned cash. Take a look at the worst cryptocurrency scams in 2019 below:
ICO Fraud in Canada
Two fraudsters named Kevin Hobbs and Lisa Chang are facing civil asset forfeiture in British Columbia. This is all based on the charge that they defrauded their investors of $30 million. After beginning the FUEL token, they told investors that their cryptocurrency would grow substantially in value. However, it turns out that the duo used investor stocks to play, buy a fancy townhouse, and drive around in SUVs. They’re going to need a great criminal defense attorney to get out of this one.