Celebrities advertise scam ICO again

[Republikcoin.com]

they are celebrities, and they could only be paid for it, so they don't know about the project. even more so if he is just one investor, or he is only promised a few shares for it. however, if he is one of these teams I think he is trying to help attract people to invest, but I don't feel that they will sell their careers by supporting ICO scams.

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[mahilchii]

celebrities just want money and celebrities don't care about what is advertised, this is celebrity's mistake in advertising something, maybe there must be special rules for celebrities before advertising something

Exactly, they can advertise anything for money and who will forget Floyd Mayweather and DJ Khaled??? Before two years they made a ICO projects advertisement which was a scam I guess it was centra...

They should give importance to the ICOs which is a genuine one, I mean they have to check about how good is the product, because even their reputation is involved here.

[eaLiTy]

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%.

This is not the first time we are seeing celebrities promoting shit projects, earlier Floyd Mayweather and DJ Khaled were fined by SEC for promoting ICO projects and now Steven Seagal who is a pathological liar which is well documented and they should be punished for advertising these fake projects.

 

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 will do anything for money and you really cannot trust what they endorse as they do not really care if someone looses money as long as they make money endorsing those.

[sayaya17]

This is not a good thing and it damages their image as a star, obviously this is detrimental to investors who have been involved with this fraudulent project. Steven Seagal has abused the trust of many people for collaborating with fraud projects. So we must always be careful and may not believe right away.

[gielbier]

Maybe he only thinks about money without thinking about risk if the project he promotes is a scam project. A class of artists should understand about risks like this and must understand about crypto when he want to promote it.

[asriloni]

celebrities just want money and celebrities don't care about what is advertised, this is celebrity's mistake in advertising something, maybe there must be special rules for celebrities before advertising something

Exactly, they can advertise anything for money and who will forget Floyd Mayweather and DJ Khaled??? Before two years they made a ICO projects advertisement which was a scam I guess it was centra...

They should give importance to the ICOs which is a genuine one, I mean they have to check about how good is the product, because even their reputation is involved here.

Look at this article and so many celebrities have promoted ico and a lot of them are being scam coins right now
https://medium.com/@TokenStars/25-celebrities-who-are-into-cryptocurrency-for-real-187ff89d83a7

A few minutes for hundreds or millions dollars buck and that's how they work. Money is their main aim to promote the coin. They will never do an advertisement if they never get paid lol

[michellee]

Maybe he only thinks about money without thinking about risk if the project he promotes is a scam project. A class of artists should understand about risks like this and must understand about crypto when he want to promote it.

That is right because the money to pay the celebrities will be a lot, and that can make the celebrities agree to promote the project without learning first about the projects. The celebrities don't know what is all about because all of the agreement will be from their agency. So everything is already arranged by the agency, and the celebrities only told about the projects. Maybe in the future, many celebrities will realize that they should learn about the project before they can accept the projects to be promoted by them.

[Lantind]

celebrities just want money and celebrities don't care about what is advertised, this is celebrity's mistake in advertising something, maybe there must be special rules for celebrities before advertising something

Strongly agree with what you say, because most celebrities only prioritize money from the results of the advertisements they promote, and they tend not to see the benefits or clarity of the products they are advertising, and I also hope that in the future celebrities should prioritize more product clarity rather than money paid for them.

[rajsimran]

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 don't think that they actually know that is it scam or legit.maybe they are getting paid for a advertise that project.because they only think about money (though not all the time).Most of the celebrities don't have enough knowledge about crypto currency.And they are not involved any project.

[tranduong123]

Information about celebrities promoting projects is difficult to verify, and celebrities can not guarantee the success of the project. Previously, I participated in a project, the development team phan said they cooperated with a very famous youtuber, but now that project is dead.

[10BTCaDay]

Information about celebrities promoting projects is difficult to verify, and celebrities can not guarantee the success of the project. Previously, I participated in a project, the development team phan said they cooperated with a very famous youtuber, but now that project is dead.

I participated in a project where the founders said that they collaborated with one of the richest people in America. showed the video when he came to the conference, how he said good things about the project, but now this project is scam. many of you know this project as cloud token

[batang_bitcoin]

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/

Many of the folks here are fans of his so it's very sad to know that he's involved with this craze of celebrities being used to the advertisement of these scam ICOs.

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

About the contracts, it might be the lawyer that knows the details of what he's going to advertise but as for the financial manager, I don't think that there's an involvement or even an advise before the procedure commenced.

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

But we can't control the influx of these scam projects, if they look promising from the beginning and offers a decent pay to their celebrity advertisers, they will just continue the cycle.

[gundala]

I think they ( celebrities ) don't know about scam ICO because they help promote the project with the benefits, scam or not is developer problem. We can't blame the celebrities about scam ICO but all come back into people who replace money, blame them is really correct. Analyze before join a project and always up date information about the progress. When not fit with your plan just leave it.

Of course, I think some celebrities involved are only paid promoters. It could be that the celebrity does not fully know what he/she is promoting, money-oriented. That is, I do not really trust anyone, whether public figures, influencers, famous people, who suddenly promote a cryptocurrency project even though it was not done before.

[Asuspawer09]

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

This could be common in a lot of countries or i think in my country youtube celebrities are the most common that is promoting ICO's and different platforms which is I think just a scam.

Since in my opinion that could be a sponsored video, I think they are just a great platform that the scam ICO's could use to promote their token or their platform from a lot of people.
Also they influencers could really be effective for a lot of times since they could easily get the trust of the community but in the end, they are just getting paid to promote but not going to pay for it if you are going to get scam by this ICO or platforms.

[daniahya]

Information about celebrities promoting projects is difficult to verify, and celebrities can not guarantee the success of the project. Previously, I participated in a project, the development team phan said they cooperated with a very famous youtuber, but now that project is dead.

I think that method might be used to lure investors to put their money in the project, actually there are many projects like this that they introduce and even work with famous people as if their project promises benefits even though in the end their project is also dead, so now we must be careful in investing

[Blue_oxen]

I think they ( celebrities ) don't know about scam ICO because they help promote the project with the benefits, scam or not is developer problem. We can't blame the celebrities about scam ICO but all come back into people who replace money, blame them is really correct. Analyze before join a project and always up date information about the progress. When not fit with your plan just leave it.

Of course, I think some celebrities involved are only paid promoters. It could be that the celebrity does not fully know what he/she is promoting, money-oriented. That is, I do not really trust anyone, whether public figures, influencers, famous people, who suddenly promote a cryptocurrency project even though it was not done before.

Celebrities only care about money and they don't even know what the project is, so be careful and take the time to analyze. In the past, a lot of projects like this were to scam investors and I invested just because there are celebrities so now I can't trust anyone in this market and only believe in myself. However, now IEO is the choice that people trust more because this form of investment is very popular.

[BlackFor3st]

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

Most of the celebrities have no deep knowledge about crypto currencies especially in terms of ICO so there is a big chance that Seagal just accepted the offer because of money. Though he is now facing a charges against him as he didn't check first whether his action is good or bad.

Because if he know that he will end up facing some problems after the advertisement then I am sure that he or his management will think twice before they will accept the offer to advertise a certain ICO. Let's just hope that it will serve as an example to other celebrities so they will not accept any offer easily especially in terms of ICO advertisement.

[fuer44]

I think celebrities already know about crypto, but there are still very few celebrities who know about ico as a whole, from the team, to the project, to funding, to the final destination. perhaps because of that factor that made the ico team take advantage of the situation where celebrities became promotional advertisements to get funding. and worse, the artist certainly did not know about it and he only received a commission.

really sad, in the midst of a falling crypto market and also the ico / ieo industry which is in a big problem of trust, there are still teams that do things like that. I agree if the SEC is part of the ico oversight body because in this case it is certainly very helpful to prevent the next scam.

[Google+]

I think they ( celebrities ) don't know about scam ICO because they help promote the project with the benefits, scam or not is developer problem. We can't blame the celebrities about scam ICO but all come back into people who replace money, blame them is really correct. Analyze before join a project and always up date information about the progress. When not fit with your plan just leave it.

Of course, I think some celebrities involved are only paid promoters. It could be that the celebrity does not fully know what he/she is promoting, money-oriented. That is, I do not really trust anyone, whether public figures, influencers, famous people, who suddenly promote a cryptocurrency project even though it was not done before.

sure they get paid when promoting projects that they develop because usually the project developers will hire and give money to use celebrity services to provide information to many people who do not know about the projects being developed.

well from this side the celebrity might really not know scam or not because all he knows is getting money for the promotion of a project.

[Genemind]

They have done their job yet they're ruining their image at the same time. It's important that they should also know what they're endorsing because it could have a huge impact on most investors. Lots of scam projects prefer to use big names just to attract more victims. Celebrity endorsers should be smart upon accepting offers because money can't buy trust.