Fake ICO launched by SEC

[The CC Forums]

Cross post from scams section.

Howeycoins ICO site went life today with a web page very similar to many ICO sites. The SEC recognizes that a lot of investors have been duped into sending bitcoin and Ethereum to fake ICOs that take the money and never have an actual business or network.

The get rich quick crowd learned some tough lessons in late 2017, and the SEC hopes to protect people from themselves.

HoweyCoins

Remember, there is no get rich quick investment. If it sounds too good to be true, it very like is too good to be true.

 

[CryptoTC]

And the site looks exactly like 95% of the “real” ICO offerings.

People need to understand how easy it is to set up a web site and then create an artificial use case that needs a new token. Then it’s all marketing from there.

2018 has been better as far as ICO fever and scam coins popping up everywhere, but there’s still room for improvement. You’d think people would be careful to avoid sending money to someone who makes and unsubstantiated claim on a web site without doing more research, but you’d be wrong. Tens of millions wrong.

 

[BitFit]

That is a great idea, and crypto fat cat is right. It looks like every other ICO site. I don’t buy ICO’s but a lot of people online claim to make money by flipping quickly. No real value in them in my opinion.