Celebrities advertise scam ICO again

[letyouearn]

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

Oh my... Do you really think that all these celebrities, actors etc are very smart guys who know what crypto is and are professional in investing?
Don't compare their movie roles with themselves

[Kiefner]

I believe that they do it solely for the sake of money and PR. Cryptocurrencies are quite a popular topic for discussion and advertising ICO is another reason to start a discussion and promote yourself.

[torrantz]

I believe that they do it solely for the sake of money and PR. Cryptocurrencies are quite a popular topic for discussion and advertising ICO is another reason to start a discussion and promote yourself.

They care about money and no more. I believe if they don't know what they have advertised. I remember paris hilton was also doing the same as him. Those celebrities are lack of knowledge about this and what they are interesting to get is only the money. As long as they received money and they will never care about people who see their advertisement.

[krayzie32]

I believe that they do it solely for the sake of money and PR. Cryptocurrencies are quite a popular topic for discussion and advertising ICO is another reason to start a discussion and promote yourself.

I agree with you. Everyone who joins this market for money and ICO projects that have had PR celebrities is very risky projects. In the past, I have met a lot and have lost a lot of money when choosing to invest in a project. Now, I cannot trust any celebrity in this market because it will only cost me more money to invest.

[Rosilito]

As far as i know, if the celebrity is only taking care of the money and he doesn't even care about what will be the result if the project.

Agree, they only after the money, and that what it is other than that it doesn't concern them. May be few of 'em do really have a care from the start upto the end on where would the project be; result, effect to the others and so on. Sounds harsh for them but celebrities are too busy that's why sometimes they don't even bother looking thoroughly some jobs like this, that if they heard/know that there will be some money to do this (of course, a clean job and money) they won't hesitate to took it.

[julius caesar]

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

They for surely do not know what they are advertising. Just like those people who advertise a trading application in youtube. They are just up onto the money of the application that they are going to advertise but didn't think of those people who will avail or use that application. They must be well informed in that kind of ICO first before advertising it.

[betty11]

No money, no deal. Celebrity has money interest, what does a celebrity knows about the blockchain and a solid project? a good project needs no celebrity for advert, they will only collect their money and advertise for the next paid project, even tech celebrity advertised some project in 2017 and 2018 and they are all failed project today.

[BitcoinPanther]

As for me, like some of the investors these celebrities were just victim of what the project team says to them. Their managers I guess were trapped by sweet promises and huge payments.

What I suggest is that they should also do their own research so that they will not easily trap by any scam. I guess everything will be on proper places when we have enough knowledge and information about the project.

[electronicash]

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

Oh my... Do you really think that all these celebrities, actors etc are very smart guys who know what crypto is and are professional in investing?
Don't compare their movie roles with themselves

it would make sense if the project is related to what the actor is doing though.

projects related to MMA for example. if there is one but this is just an example. if the project is about tokenizing the PPV of UFC fights or something like that which the token can be use to pay the PPV and then Steven shall be the one who promotes the project. i might believe he understood some part of it at least.

[nicolas1979]

There's no rules people who involve promotion should understand the product, they help to " introduce " not giving understanding and learning. In this part people have different opinion but for celebrities, I believe they don't want to involve with something that don't have regulation like crypto. all promotion must ending with currency. Don't blame the actor but how good your act to get complete information are really important because ICO want your money not the actor money.

[pawanjain]

It's quite obvious they don't know what they are doing. The most important thing for a celebrity is his fame and if that's lost then he won't be a celebrity anymore.
No celebrity would want to ruin his career. If any celebrity is advertising any scam then his fame is at risk.
So it's quite obvious that if a celebrity is advertising a scam then he must not be knowing about the scam unless he is also a part of the scam.

[Crypto_lion]

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

What else do you expect from celebrities aka movie stars . They are just after money like anyone else . Although  It's human psychology to fall for such things we must always research before investing. This remind me of a project which had Ryan Remolds pic as a team member and people invested in the ico .

[Slow death]

This is for real.

I really like some of his Movies because they made me laugh a lot.

he was fined $ 314,000 and cannot promote any securities for 3 years

Source: https://digit.fyi/steven-seagal-hit-with-240000-fine-for-cryptocurrency-promotion-scheme/

He probably doesn't know that the project is a scam but paid him that much so he advertised it.

maybe he didn’t know, but that’s the point I can’t understand, as I said in my last post. celebrities have lawyers and financial managers, so it’s hard not to think that Steven Seagal doesn’t have a lawyer and financial manager who could give you good advice on how to proceed correctly in the case of that project

How many celebrities will endorse a scam ICO in the future. I guess they will learn from this experience and the others.

unfortunately the error of few people caused many people to suffer. I believe that if people had created honest and useful projects, today we would have a market where celebrities and investors would not be afraid to invest in ICOs and new projects

[xSkylarx]

Celebrities only focus on doing their job and that is just to promote and to advertise. As for me, if Steven would know that he's promoting a scam project he'll probably reject it especially if it will ruin his name. He might bot aware that what he promoted was a scam project. Celebrities should be skeptical in choosing what to endorse especially when it comes to crypto because it could deceive most investors.

[Viscore]

This is a big one, he is one of my favorite actor but I would not fall for this kind of advertisement, one celebrity I know that fined for endorsing ICO was Floyd Mayweather, I am not sure why they can't learn.  Hey OP, would you care you put a source of that information here?

[Valzador]

This is a big one, he is one of my favorite actor but I would not fall for this kind of advertisement, one celebrity I know that fined for endorsing ICO was Floyd Mayweather, I am not sure why they can't learn.  Hey OP, would you care you put a source of that information here?

I am not the maker of this thread, but I read news about Steve Seagal from the New York Times, you can also read it at the following link https://www.nytimes.com/2020/02/27/movies/steven-seagal-bitcoiin2gen.html

Steven charged with negligence for not disclosing how much money he received from the cooperation he did with a cryptocurrency project.

[mbakruroh]

There's opinion that people who get involve promote a product should try first so they can be objective, I agree with this opinion. In reality it doesn't like that, promote and scam is different and not connected at all. If the celebrities know about scam ICO I believe they will never take the offer, but because developer take scam responsibility and have law protection, take the promotion is really good and worth for their pocket.

[ven7net]

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 believe that celebrities participate in advertising just for the money. Unfortunately, I also previously believed that if a celebrity offers a product or service, then it definitely deserves trust. However, I now understand that most of these offers are fraudulent. It’s time for us to become professionals and not believe everything that is said and shown to us by celebrities and media personalities. Obviously they want to deceive us and take our money.

[Gheka]

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 believe that celebrities participate in advertising just for the money. Unfortunately, I also previously believed that if a celebrity offers a product or service, then it definitely deserves trust. However, I now understand that most of these offers are fraudulent. It’s time for us to become professionals and not believe everything that is said and shown to us by celebrities and media personalities. Obviously they want to deceive us and take our money.

Indeed, the popularity of public figures allows them to attract numerous suppliers and projects looking to them to receive an advertisement, it is normal to accept advertisements when this is a job and a source of income for celebrities, sometimes they do not know too much about the reliability of the product, we can not complain about them too much, the lie is from the supplier. And when we have the information and knowledge on this issue, avoiding participating in ICO projects that celebrities advertise is safer, ICO no longer have a place in the market

[smyslov]

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 will only believe in a celebrity-endorsed coin if the endorser knows and a real Cryptocurrency investor, most of the celebrities do not have the knowledge if the new coin that they are promoting are good projects because they are not part of the community of investors.