Exit scammers run off with $660M in ICO earnings
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Exit scammers run off with $660M in ICO earnings
1–10 of 170 posts
Re: Exit scammers run off with $660M in ICO earnings
#2> "Investors have been told that they would enjoy a profit rate of 48 percent a month from their initial investment, and recoup all investments after four months. People would also be rewarded with an eight percent commission for every new member they have introduced to the network."
There's your red flags right there.
Re: Exit scammers run off with $660M in ICO earnings
#3There is another one going around in Vietnam called Polynetwork which is a clear scam: https://polynetwork.org/
Re: Exit scammers run off with $660M in ICO earnings
#4I don’t understand how we have all this information on the internet and people still get sucked into these scams. 48%...that is not a realistic guaranteed return! :/
Re: Exit scammers run off with $660M in ICO earnings
#5Initial. Clown. Outwitting.
Re: Exit scammers run off with $660M in ICO earnings
#6> "Investors have been told that they would enjoy a profit rate of 48 percent a month from their initial investment, and recoup all investments after four months. People would also be rewarded with an eight percent commission for every new member they have introduced to the network." There's your red flags right there.
Yep, every Ponzi scheme does this it seems.
Re: Exit scammers run off with $660M in ICO earnings
#7I don’t understand how we have all this information on the internet and people still get sucked into these scams. 48%...that is not a realistic guaranteed return! :/
Because the pro-scam information surfaces easier than the anti-scam information?
Watch one ponzi scam video on Youtube and the algorithms will start showing you others ...
Re: Exit scammers run off with $660M in ICO earnings
#8Did it actually raise 660m or was that the size of the "market cap" when it collapsed?
if I sell 100 tokens for a dollar then convince someone to buy 1 token for 10 dollars, if I run off with the money I've not run off with $1000 even if it feels like it for the people left with tokens.
Re: Exit scammers run off with $660M in ICO earnings
#9I don’t understand how we have all this information on the internet and people still get sucked into these scams. 48%...that is not a realistic guaranteed return! :/
That's assuming that the truth will simmer up to the top and rise above the push marketing. Also on reddit there are entire subreddits that seem to be conducive to luring people in and performing pump and dump schemes, mixed in with legitimate posts.
Re: Exit scammers run off with $660M in ICO earnings
#10Did it actually raise 660m or was that the size of the "market cap" when it collapsed? if I sell 100 tokens for a dollar then convince someone to buy 1 token for 10 dollars, if I run off with the money I've not run off with $1000 even if it feels like it for the people left with tokens.
In these situations they sell their bullshit tokens for real money (or BTC/ETH), so they would have run away with the actual money or something within an order of magnitude, not some fantasy "market cap".