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Cries of scam arise as once high-flying firms fail to deliver on cryptocurrency



The ethics of weasels and vultures. Is it any wonder that all the creatives fled the industry leaving a culture of self-interested hacks behind?

WASHINGTON

When the price of bitcoin and other digital currencies shot up late last year, insurance agent Ryan James wanted in on the action. He hit a trifecta.

Unfortunately for James, the trifecta was in three get-rich-quick companies that crashed in value, drew the attention of U.S. and Canadian regulators and highlighted the dangers of the go-go world of digital currency.

The sharp skid in fortunes of the three companies — USI-Tech Limited, BitConnect and DavorCoin — has triggered hundreds of millions of dollars in losses for clients around the world, and perhaps more..
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http://www.mcclatchydc.com/news/nation-world/national/national-security/article200610969.html