Scam ICO Bitcoiin2Gen featuring Steven Seagal

[Daltonik]

The SEC has accused three partners of the cryptocurrency startup Bitcoiin2Gen of $11.4 million in an ICO involving Hollywood actor Stephen Seagal.   

In February 2018, actor Steven Seagal became the brand ambassador of Bitcoiin2Gen and actively promoted the ICO campaign on social networks. The startup raised $ 75 million. In early March 2018, the New Jersey Bureau of Securities stopped the ICO of the Bitcoiin2Gen project to protect investors from possible fraud.


According to the SEC, from December 2017 to May 2018, the founder of Bitcoiin2Gen and Start Options Christian Krstic, promoter John DeMarr and partner Robin Enos offered investors B2G digital assets with securities properties.  The application is filed in the US District Court for the Eastern District.

"The conduct alleged in this action was a blatant attempt to victimize those interested in digital asset technology and these defendants should be held accountable," said Kristina Littman, Chief of the SEC Enforcement Division's Cyber Unit. "In reality, we allege, these ventures were fraudulent enterprises aimed simply at misappropriating funds from investors."

[Byakuga]

This is still a possible attempt  why is SEC so into this project? I knew the project since launched and I was surprised how profitable it become, those who invest early became millionaires in a very short period of time, I will never forget the name bitcoiin2gen lol, let's see how this ends

[Insanerman]

This is still a possible attempt  why is SEC so into this project? I knew the project since launched and I was surprised how profitable it become, those who invest early became millionaires in a very short period of time, I will never forget the name bitcoiin2gen lol, let's see how this ends

Those who invest early made money, how about those who invest late, there are few who become millionaire here but majority of those who invested here lose a lot of money, it's just right that SEC should look in this matter, it's good that SEC is going after those who create a pump and dump project in the market, it's stealing people's money.

Well fun fact, SEC is just now targetting this kind of businesses that were already registered back then. Look at XRP, they also accused their CEOs for certain reasons yet SEC fails to take a look at them at the first place. Yes, this is good that certain fraudulent projects are being targeted by the commission, but this also is a step closer to taking a strict attention to the whole crypto space. And they most likely to start on digital assets that focuses on securities.

and first of all, didn't Bitcoiin2gen already dead years ago? LOL. This is just a late investigation from SEC, again.