SEC fined Steven Seagal for advertising ICO. The actor did not disclose information about the funds received for the promotion of the project, which could mislead investors, the Commission explained.
Since the ICO, the price of the Bitcoiin2Gen token advertised by Segal has fallen by 99%.
do you think celebrities know that they advertise scam projects or they just dont understand what they are doing? I think this is a big problem for the market
I believe that celebrities participate in advertising just for the money. Unfortunately, I also previously believed that if a celebrity offers a product or service, then it definitely deserves trust. However, I now understand that most of these offers are fraudulent. Its time for us to become professionals and not believe everything that is said and shown to us by celebrities and media personalities. Obviously they want to deceive us and take our money.
Indeed, the popularity of public figures allows them to attract numerous suppliers and projects looking to them to receive an advertisement, it is normal to accept advertisements when this is a job and a source of income for celebrities, sometimes they do not know too much about the reliability of the product, we can not complain about them too much, the lie is from the supplier. And when we have the information and knowledge on this issue, avoiding participating in ICO projects that celebrities advertise is safer, ICO no longer have a place in the market