Celebrities advertise scam ICO again

[bluebit25]

I think celebrities are just some paid promoters of the project. So everything they care about is money. It will not be a surprise if they don't even know what those projects are. It's also possible that they have very little idea what cryptocurrency is. So I think they should not promote something that they don't have any idea.

They are celebrities, and they are not short of money. If he is professional, then they first need to find out the consequences of advertising those projects. And they need to look for people who have experience in this area to check whether the project is quality or not. So as I thought he was too subjective in this matter so he made a mistake

[TrevorS]

Obviously, celebrities pay very well for advertising such shit. This is not the first or last case when celebrities advertise anything for the sake of money.
I don’t think that they should be blamed because I think their PR managers are the first and foremost, although the lack of brains does not exempt from responsibility.
Apparently Steven Seagal has such a bad business that he decided to do such a crappy advertisement.

[RealMalatesta]

I think this "cameo" website hurt a lot of stuff as well. You pay famous people somewhere around 25 dollars to 1000 dollars and you can get them to say whatever you want in their own ways.

There was a lot of controversy when one youtuber hired bunch of NBA players to say horrible stuff for NBA2K game and it was realized at that moment that as long as the famous person doesn't care or not invested in the topic or not a sensitive subject, you can make them say whatever you want and that is quite risky power to give to the people. I can hire 50 very very famous people and make them say that my crypto I just created and worth zero is actually the future of money and they would all lie for the money as well.

[shadowdio]

I think they just go for the money, it is like they just normally advertising the product, but for sure Steven Seagal don't know it was a scam project that he promoted. Well lesson learned for him.

[tvplus006]

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 celebrities most often don't understand what they are advertising. And this applies not only to ICOS, but also to other products. The main thing here is the size of the advertising fee. And if this amount suits the celebrity, then he will be ready to advertise any product.

[thesmallgod]

I think most of these celebrities that help to advertise ICO know nothing about the project and even cryptocurrency. They are most likely deluded by the amount of money given to them by the thieves. I also read the news on social media and I think this will sound as a warning to many of them not to be promoting something they have personally experienced before. I am just imagining the calamities that might have befallen some of the newbie investors that invested in the project.

[Baby Dragon]

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.

Celebrities are influential, which means people who idolize them imitates their action. It is the reason why they can't just advertise an ICO without doing a background research, because if it was proven as scam then it may ruin their reputation, since the trust that was given to them by the public was ruined. People must be cautious before investing their funds in some projects, especially those who used the advertisement of famous people as a foundation of their decision. Don't let yourself get deceive by their words and promises because most of them aren't even aware of what they are promoting, so always do your own research.

[Ozero]

these "stars" just want to make money. I am sure that they do not understand anything in cryptocurrency and especially in new ICOs. Ico is very good in creating good stories about a rich future.
But the problem is not in that the stars advertise what they don’t know about, but in the people who follow their recommendations

That is why you should not pay attention to such advertising of cryptocurrency and their projects that advertise celebrities. Yes, most likely, they do not understand what kind of product they are advertising. However, if in this case Stephen Seagal was fined for not providing complete information, and after a while he will again be engaged in advertising the ICO project, then here such actions cannot be called simply misunderstanding. Repeated similar actions should already be considered intentional.

[TopTort777]

But does Steven Seagal really advertised ICO ? Did he make a public speech or participated in the events? (or distributed flyer or etc?). Or his was just signed as an ambassador on the ICO page ? That's a huge difference.

Personally, I dont blame celebrities for advertising something. It is like blaming someone who advertised toothpaste for not making my teeth perfectly white...

Take for example Ronaldo and his advertisement of KFC. Could I sue him for me being fat or the chicken tasted not as he promised or showed?

[Wintersoldier]

But does Steven Seagal really advertised ICO ? Did he make a public speech or participated in the events? (or distributed flyer or etc?). Or his was just signed as an ambassador on the ICO page ? That's a huge difference.

Personally, I dont blame celebrities for advertising something. It is like blaming someone who advertised toothpaste for not making my teeth perfectly white...

Take for example Ronaldo and his advertisement of KFC. Could I sue him for me being fat or the chicken tasted not as he promised or showed?

Indeed. We should not put all the blame on celebrities who are advertising fraud projects because sometimes they don't even know anything about the things that they are advertising for, that is why they end up humiliating in front of a lot of people. They are just a model, so we should not be trick by famous people just invest our money in projects that we are not sure if it is legitimate.

[electronicash]

for a crypto team, why choose Steven Seagal for a promotion?

i did a quick research its Bitcoiin2Gen that he promoted, we;ll not sure about it since its just a quick read. and I didn't fully read the whole article.  but what is surprising is that Steven was Charged for Unlawfully Promoting Cryptocurrency by SEC lol we he had settled it though

[forexandcryptoauditor]

I think is is not fully aware about cryptocurrencies and ICOs and IEOs.
Since people follow these celebrities and the kind of influence people's decisions, with full responsibility they should advertise any product.

[princerepon]

It would be better if you provide some source about that. Whatever i don't think Celebrities have time to think what is crypto currency or what are they advertise about. They just advertise about project and they got paid for that and it is the end of the story. Which is also telling about how much unprofessional is that.

And it's a trick also from development team. They trying to show investors how much popular their product and when investors invest on it, unprofessional team dump their project for own profit. It's not a new story, we are seeing this from several years actually. That's why i recommend  to check everything you can before invest on a project.

[Febo]

Celebrities advertise scam ICO again

False information. He advertised that ICO years ago. It takes a lot of time that scams gets punished.   I heard he did not complained and paid the penalty. If not this case would go on for at least a year or more.

[adzino]

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

As long as they get paid, they don't really care about what they are advertising for. I doubt they hardly even know anything in details about what they are advertising. They just get paid and do what they are told to do. Now if someone gets scammed by investing on those projects just because a celebrity advertised it, then yeah that is really really sad and kinda a deserve to lose their money.
Just don't invest blindly by reading articles or looking at advertisements. Do your own analysis before you put your money at risk.

[Oceat]

These people who created projects and pay some celebrities to promote their scam projects are on the next level of scamming the people. Since making such projects with the famous advisor and economist before didn't work in the long run. Now, they are on to the next level of their scheme, safly these celebrities didn't understand anything about the projects, they just do it as long as the team pay them.

[Crypto5060]

This happens when people are all about the money. They fail to be objective in their actions. I hope it serves as a warning to others and people should falling for scam ICOs because an artist put out a paid advert for them.

[BuNga_cute]

Right now some celebrities only think of ways to make money, this happened to Steven Seagal for promoting ICO projects scam.
And because there are many investors who are disadvantaged, I hope that there are no other celebrities using their popular names
promotion of projects scams for the sake of making money. I rather hope celebrities help adopt cryptocurrency by investing in several
cryptocurrency so the growth of cryptocurrency can be more rapid.

[Rengga Jati]

-snip- do you think celebrities know that they advertise scam projects or they just don’t understand what they are doing?

This kind of question can't be answered by us! Those celebrities can answer it! If we can hear/see their statements related to this question, then the answer can be valid. However, we can speculate that celebrities don't understand enough about ICO, STO, IEO or the like. Even they don't know well about crypto or blockchain. So, in my opinion, they just don't understand enough what they're doing.

[uray]

 People who advertise scams should be punished as well, celebrities are stupid people who will advertise and do anything for money and with these stupid people having millions of followers in social media they should have some backlash for pushing people to stupid projects and we had seen many scam and exit tokens in the past advertised by celebrities and we all know the fate of those projects.