Hold onto your hats, as this is shocking news from the Wall Street Journal (archive link). They took a deep dive into 1,450 crypto ICOs and found that 271 had very questionable backgrounds. What scam is next? A cryptocurrency for e-sports betting so we can fleece the kids for their pocket change too? Hundreds of technology firms raising money in the fevered market for cryptocurrencies are using deceptive or even fraudulent tactics to lure investors. In a review of documents produced for 1,450 digital coin offerings, The Wall Street Journal has found 271 with red flags that include plagiarized investor documents, promises of guaranteed returns and missing or fake executive teams.