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%.
This is not the first time we are seeing celebrities promoting shit projects, earlier Floyd Mayweather and DJ Khaled were fined by SEC for promoting ICO projects and now Steven Seagal who is a pathological liar which is well documented and they should be punished for advertising these fake projects.
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
Celebrities will do anything for money and you really cannot trust what they endorse as they do not really care if someone looses money as long as they make money endorsing those.