Nobody actually reads news over the internet ? This is, was and will be just an experiment of SEC to show people how ICO scams work, the purpose is purely an educational one. This actually shows ICO investors imaturity and how everybody wanna believe they can get rich with no effort and after they cry after what they lost.
A big thumbs up for bitcointalk owners to endorse this, hopefully people will learn something out of it.

I just think the big problem is that people don't read between the lines when they invest in an ICO, they just like the presentation, they like those people dressed in suits and talking. 90% of the ICO I researched make themselves hard to understand, they don't bring anything new, maybe just a reinterpretation of something that is already done, they don't produce anything and don't invest in real assets, tangible things, but against the odds I think this is a good time to invest in ICOs, the fact that the market is low it's only a good thing if there will be a new bull run, Think about it, was it better to invest in an ICO when the market was up and by now you lost even 80% of the value or is it better now if the market will go back up ? It's not that complicated