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Wednesday, May 16, 2018 10:26:26 PM
Truer words were never spoken. lol!
Here's a classic from the SEC:
https://www.howeycoins.com/index.html
The SEC Has an Opportunity You Won’t Want to Miss: Act Now!
FOR IMMEDIATE RELEASE
2018-88
Washington D.C., May 16, 2018 —
If you’ve ever been tempted to buy into a hot investment opportunity linked with luxury travel, the Securities and Exchange Commission has a deal for you.
Check out the SEC’s Office of Investor Education and Advocacy’s mock initial coin offering (ICO) website that touts an all too good to be true investment opportunity. But please don’t expect the SEC to fly you anywhere exotic—because the offer isn’t real.
The SEC set up a website, HoweyCoins.com, that mimics a bogus coin offering to educate investors about what to look for before they invest in a scam. Anyone who clicks on “Buy Coins Now” will be led instead to investor education tools and tips from the SEC and other financial regulators.
...
Note this nugget:
The website features several of the enticements that are common to fraudulent offerings, including a white paper with a complex yet vague explanation of the investment opportunity, promises of guaranteed returns, and a countdown clock that shows time is quickly running out on the deal of a lifetime.
I'd say that describes the nonsense bandied about here to a tee! lol!
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