Source: Coindesk.com
Real estate-backed crypto project Tangible had an undisclosed business relationship with the CEO's brother, a CoinDesk investigation found. The brother's company would buy properties at a discount and then flip them to Tangible with markups as high as 21%. Such upselling has no justification, according to U.K. real estate professors who reviewed CoinDesk's findings.
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The post "How a Crypto 'REIT' Misled Investors With Family Deals and 'Unjustified' Real-Estate Markups" appeared first here Coindesk.com.
Source: Coindesk.com
