I want to say a couple of things about this comment.

These types of ICOs will generally only benefit the investors of said ICOs if they raise a lot of money. It doesn't necessarily need to be oversubscribed, sell out, or have any specific percentage of coins sold, however there is a reason why these companies are trying to raise the amount of money they are. If you are claiming a lot of money is being raised via an ICO when in fact (nearly) no money is being raised, you are substantially misrepresenting the risks associated with with investing because if you are the 1st investor, not only does the underlying business model need to be solid, and upon execution, profitable, but also many others need to believe in the business plan sufficiently to invest their own substantial money, otherwise the management will likely not even have the opportunity to try to execute (and be profitable), and your investment will likely be worthless.


Another cold, hard fact about most ICO investors (IMO) is that most of them lack the capability to truly understand the risks and potential benefits of investing in a particular ICO. I suspect that many ICO investors use investor interest of others of a particular offering to gauge risk/benefit of a particular ICO. I believe the thought process is that if many others are investing, then surely the ICO is a good investment. Again, misrepresenting investor interest specifically harms investors because it makes them believe said investment is less risky than it is in reality.

In both of the above examples, there is very specific consumer harm.

I would note that ibminer's above examples are not the only fraudulent statements made regarding that ICO. There are other fraudulent statement in the OP that aTriz himself posted, such as "all monetary transactions with BIBC are processed through secured servers, so users have no need to worry about any risks..."

I would point out this is not the 1st (maybe only is a better word, I'm not sure) time that aTriz has been a part of this kind of fraudlent misrepresentation. He previously vouched for alia's gambling script that was very clearly worthless, and did not work as advertised. I think this is fairly clear evidence that aTriz's word is for sale to anyone willing to pay the right price, and as such is worthless.