Dec 2, 2018
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Former New York Times Journalist Caught in $3.5 Million ICO Scam

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Jerry Ji Guo, a former journalist at Newsweek, New York Times, and the Washington Post, has reportedly been involved in a number of scams – including securing funding for a group-dating service from VC firm YCombinator, but then abandoning the project just eight months later. Guo, a Chinese-American Yale University graduate, has also worked as head chef and owner at a burger joint in Beijing, China and helped start an Atlanta-based “growth hacking” marketing firm. In 2017, Guo launched a $2 million initial coin offering (ICO) to raise funds for a content-sharing program – which he claimed was backed by partnerships with American Idol and The Voice. On November 9th 2018, Guo was arrested by US Federal Bureau of Investigation (FBI) agents in Puerto Rico – on charges for allegedly being involved in a $3.5 million wire-fraud scam.

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