Coinbase is a US publicly traded company regulated by the SEC. Their business model is garbage but they have orders of magnitude more data that shows that as a company, they’re legit.
In December 1996, Emanuel Pinez, the CEO of Centennial Technologies, and his management recorded that the company made $2 million in revenue from PC memory cards. However, the company was really shipping fruit baskets to customers. The employees then created fake documents as evidence that they were recording sales.
https://www.investopedia.com/articles/00/100900.asp
Theres another fun one from an NYSE stock ...
In December 1996, Emanuel Pinez, the CEO of Centennial Technologies, and his management recorded that the company made $2 million in revenue from PC memory cards. However, the company was really shipping fruit baskets to customers. The employees then created fake documents as evidence that they were recording sales.