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alleged crypto scamsCoinGape
•Business
Business & Economics
55% Informative
Dave Portnoy is facing severe backlash for allegedly running 15 pump and dump scams.
He even dumped $4 M worth of his launched meme coin, GREED , and hints to do the same with GREED2 .
Polymarket bets on his jail time have surged to 10% , so can he face imprisonment in 2025 ?.
Investors must be cautious with Portnoy-related or endorsed cryptos and conduct proper research before getting involved.
If he continues such activities, he might endup in serious legal trouble.
His ability to manipulate the market shows investors blindly follow KoLs and trends and later face the consequences.
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