Quote from: BitPotus on October 01, 2017, 01:34:42 PM

Quote from: Princa on October 01, 2017, 01:26:41 PM

i truly think this is a scam Sad

yup.

and it will be funny when the SEC comes down hard on American based promoters like Craig Grant and Trevon James

https://www.investor.gov/additional-resources/news-alerts/alerts-bulletins/investor-alert-public-companies-making-ico-related

https://investor.gov/news-alerts/investor-alerts/investor-alert-fraudulent-stock-promotions

One way fraudsters seek to profit is by engaging in market manipulation, such as by spreading false and misleading information about a company (typically microcap stocks) to affect the stocks share price. They may spread stock rumors in different ways, including on company websites, press releases, email spam, and posts on social media, online bulletin boards, and chat rooms. The false or misleading rumors may be positive or negative.

Enjoy while you can.

Kiss

These were great links to the SEC warnings about how the quoted share price of a company may be hyped including by touting an ICO.

What the SEC did not cover is the risk relating to contributing to an ICO itself. I think the reason for not covering ICOs themselves is that the SEC is sitting on the fence. They don't want imply that some ICOs are legit, nor do they want to cut off the range of financing available to a genuine company doing a genuine ICO.

They want to put rules in place first.

As for the promoters of fraudulent schemes and HYIPs, they are at the greatest risk of prosecution if they were receiving compensation either from investors or from the company itself. This would include all referral programs.

For my personal conscience, I would not want to accept money (referral program), for touting an investment where investors lose money. It's like pushing crack cocaine on new users, so that I can make the addicts into my customers.