Mock ICO launched by the SEC to warn investors of potential fraud. – Bitcoints

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Published on May 17th, 2018 | by bitcoin

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Mock ICO launched by the SEC to warn investors of potential fraud.

Mock ICO launched by the SEC to warn investors of potential fraud.The goal of the site is to increase awareness of the typical warning signs of scam ICOs and to promote investor education.
“Fraudsters can quickly build an attractive website and load it up with convoluted jargon to lure investors into phony deals,” Donley said.
Earlier this week, Cointelegraph reported that three co-founders of cryptocurrency startup Centra Tech have been formally indicted for running a fraudulent ICO.
Centra Tech’s ICO raised $32 mln from investors in 2017.
The Florida-based founders misled investors by claiming that they had partnered with Visa and Mastercard to issue virtual currency debit cards.

Source: Cointelegraph.com

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