ICO has been very popular for free money, the government really have to step up with their stance.  I have seen that one ICO end up with a word "penis" for the investors. I think its called Prodeum.

“We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception."

"There are many companies who are advertising binary options, ICOs and crypto-currencies that are not currently operating in good faith.”