Celebrities advertise scam ICO again

[Reid]

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 don’t understand what they are doing? I think this is a big problem for the market

Then what about his manager or his financial adviser? Where are these people when this happened?
They should have known something about this too.
Would they want their actors to just join in something which they doesn't have any idea about?
Is he not speaking about that?

Looks like he won't.
https://www.nytimes.com/2020/02/27/movies/steven-seagal-bitcoiin2gen.html
He may have did this on his own.
Imagine just receiving a little money you would be destroyed.
That is just $250k in cash and $750k worth in token which he won't receive anymore.

[CryptopreneurBrainboss]

do you think celebrities know that they advertise scam projects or they just don’t understand what they are doing? I think this is a big problem for the market

I honestly don't think or most of them don't know they're advertising scam projects. Beside, In the first place, most of them don't have an idea on what cryptocurrency and blockchain technology is all about. They just associate themselves with those project either just because of the mouthwatering pay and deceiving advice they most have gotten from their manager.

I love what the SEC are doing, non of them should go unpunished. This guys are causing a lot of gullible Investors to lose their hard earned money. I haven't seen any ICO project endorse by a celebrity become a success.

[Strongkored]

I honestly don't think or most of them don't know they're advertising scam projects. Beside, In the first place, most of them don't have an idea on what cryptocurrency and blockchain technology is all about. They just associate themselves with those project either just because of the mouthwatering pay and deceiving advice they most have gotten from their manager.

I love what the SEC are doing, non of them should go unpunished. This guys are causing a lot of gullible Investors to lose their hard earned money. I haven't seen any ICO project endorse by a celebrity become a success.

agree with you, maybe they don't even know crypto at all. We know many celebrities who are promote a product that he himself does not use.
But whether these celebrities can be punished if involved in a scam project even if only as an endorse?
Investor should care about this.

[bgaf]

do you think celebrities know that they advertise scam projects or they just don’t understand what they are doing? I think this is a big problem for the market

Probably not cause if they, I dont think they will agreed to do some advertising. Market for crypto is wide and this strategy to use actors and actress beyond the scene is a wise choice but of course this gonna be a real deal payment. What happened is obviously a promotion by Seagal even he didnt know what to promote as long the price is right.

[maxreish]

That's the sad part from those celebrities that are promoting projects who are not yet well studied. They only focused on their own gains, not thinking their reputation is at risk by promoting scam projects. If they only knew and aware that the project is shady, I do not think they will gonna procceed to promote a certain project that will ruined their image regardless of the high payment.
 
  I do hope they will do some research about the project before doing some promotions. Innocent crypto investors is also at risk if they will gonna patronized what that celebrity is going to promote.

[joseyphil82]

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 don’t understand what they are doing? I think this is a big problem for the market

No single celebrity understands blockchain technology, it isn't their Field of work so why invest in a coin because a movie celeb says it's good? These guys don't know what they are walking into

[pageraji]

Do you remember Centra ICO use Floyd Mayweather and DJ Khaled to promote? I think they not understand crypto much, and now those two celebrities escape from law suit, Centra was big scam ICO, you can read story here https://www.ccn.com/dj-khaled-floyd-mayweather-ico-promotion-lawsuit/

[Xampeuu]

I honestly don't think or most of them don't know they're advertising scam projects. Beside, In the first place, most of them don't have an idea on what cryptocurrency and blockchain technology is all about. They just associate themselves with those project either just because of the mouthwatering pay and deceiving advice they most have gotten from their manager.

I love what the SEC are doing, non of them should go unpunished. This guys are causing a lot of gullible Investors to lose their hard earned money. I haven't seen any ICO project endorse by a celebrity become a success.

agree with you, maybe they don't even know crypto at all. We know many celebrities who are promote a product that he himself does not use.
But whether these celebrities can be punished if involved in a scam project even if only as an endorse?
Investor should care about this.

basically celebrities don't know clearly about cryptocurrency, and they do their job as a public figure to get lots of investors for projects that rent them. but I think to be associated with the fraud project team I think not, because they only have work to promote it and get paid for it

[bassbity]

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 don’t understand what they are doing? I think this is a big problem for the market

If they know that it's a scam project no way that they are going to advertise so it's the latter, they don't understand what they are doing, so I don't believe in celebrities endorsing these projects, I prefer to look on the platform potential and the developer of the project and not those marketing the product.
 

Well celebrities will not know that advertising ICO is a kind of fraud because it has happened a lot, as far as they know they only promote and get paid for them and do not know when it will happen later that ICO always leaves at the end after many have entered into it.
Observant people will not be tempted by projects advertised by celebrities, especially with unclear ICO sales this year.

[Mighty_crypt]

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 don’t understand what they are doing? I think this is a big problem for the market

If they know that it's a scam project no way that they are going to advertise so it's the latter, they don't understand what they are doing, so I don't believe in celebrities endorsing these projects, I prefer to look on the platform potential and the developer of the project and not those marketing the product.
 

Well celebrities will not know that advertising ICO is a kind of fraud because it has happened a lot, as far as they know they only promote and get paid for them and do not know when it will happen later that ICO always leaves at the end after many have entered into it.
Observant people will not be tempted by projects advertised by celebrities, especially with unclear ICO sales this year.

How won't they know? Are you saying they never get paid to advertise those scam projects? That's not possible, what can make seagal just go to internet and start digging info about ICO projects if not directed in the first place? Think

[Kupid002]

do you think celebrities know that they advertise scam projects or they just don’t understand what they are doing? I think this is a big problem for the market

Celebrities usually only want the money, they endorse without knowing whether the product they are promoting is genuine or not, he doesn't care about the buyer, he only cares about the money

Since it payed them for that advertisement and that is called TF.
I think persons who want to advertise should only accepting any kind of promotion they also need to review every thing offer to them and select only what they think can help them not only thier pocket.

[shoreno]

just because it fall down does it mean its a scam already ? and it also being advertise by a legendary actor not just by a newbie actor .

they pay huge for this actor to promote a scam peoject ? that seem to be impossible on  my view  . however the promoters could care less of the project but as long as they do thier job and get paid  just like on many local advertisement that we saw  and we like end up getting scammed because after buying the product , it looks different compare to what we see on t.v

[Kvalentine]

Money is involved here, celebrity thinks about nothing but money so they can easily get lured promoting scam ICO but honestly losing 99% value in crypto today is very possible and this bitcoiin2gen is not the only coins that loses that much and this doesn't mean it's scam

[leea-1334]

Celebrities are normal people in the end,,, and in the other countries neighboring me there is a common trend that many famous celebs come from a poor background, so they know that in their moment of fame, they must make as much as they can and endorse as many products and companies as they can, and some are of course scam.

[cassavachips]

Celebrities or influencers, they also need the money and one of them through advertising or endorse through their social media accounts. Unfortunately, some of them do not consider ads that are good or bad for the wider community, large payouts have blinded some of them to accept the offer. With this, we can only go back to ourselves to remain careful with all projects advertised by celebrities or not.

[kolonel_x]

Celebrities do not think about the project they just become advertisements in the project I think this has been done a lot to boost the success of the project and they do not think long about how it will happen in the future the ICO project will be promoted by anyone even though it is a celebrity will not succeed and lead to a scam

[Pamadar]

Celebrities or influencers, they also need the money and one of them through advertising or endorse through their social media accounts. Unfortunately, some of them do not consider ads that are good or bad for the wider community, large payouts have blinded some of them to accept the offer. With this, we can only go back to ourselves to remain careful with all projects advertised by celebrities or not.

They are not going to think about anything as they are just aiming to receive the payment and nothing else. If the price is right then there's no problem with celebrities they will not do anything or care about the outcome of the projects that they are promoting, it's all in the hands of investors to research and study the projects potentials before placing their money.
If you will investigate and not just blindly place your money into something that you don't fully understand, not just because it's promoted by celebrities.

[Byakuga]

Seagal is just a victim here, he works for the money right? They pay him well but now it's sad he has to pay huge money to settle score with the SEC, this should be a lesson to other Celebrities out there, do not stick in your neck for something you have no assurance about.

[Jating]

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 don’t understand what they are doing? I think this is a big problem for the market

I think they don't have a clue as to what crypto in the first place. Maybe the project just promise them X amount of money if the project will be a successful that's why most of them are joining the bandwagon. Or celebrities have been paid upfront in millions of dollars to advertise without them knowing that the ICO itself is a scam from the very beginning.

I still remember Floyd Mayweather as well, being a victim of this scams ICO as he promoted Centra before. It's good that they have been acquitted, but there could be celebrities that can be the next victim themselves.

[lienfaye]

Seagal is just a victim here, he works for the money right? They pay him well but now it's sad he has to pay huge money to settle score with the SEC, this should be a lesson to other Celebrities out there, do not stick in your neck for something you have no assurance about.

That's true since they are popular many people who idolized them will buy their endorsement ending up losing their money.

Celebrities are doing this for one reason and don't care about the effect of it to people. They should learn to know further what they endorse because it will reflect to them also as the one responsible why people became interested on ICO that they advertise but unfortunately a scam project.

This is a lesson learned for them indeed.