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\19 votes, 12 comments. K subscribers in the Scams community. Welcome to r/scams. This is an educational subreddit focused on scams. Ernst & Young estimates that 10 percent of the money raised for initial coin offerings has been stolen. The losers are ill-informed buyers. Others, like free.bitcoin-debit-cards.shop, free.bitcoin-debit-cards.shop and PeopleSound remained through its sale and buyers acquisition. Larger companies like Amazon and Cisco Systems lost large.