US regulator creates fake ICO to teach investors a lesson

The U.S. Securities and Exchange Commission (SEC) has come out with an ingenious way to guide prospective investors on looking for red flags on ICOs. The SEC recently launched an ICO web page to demonstrate potential investment victims what are the obvious signals of frauds and scams in connection with these investments. The spoof ICO is called HoweyCoins and is artfully presented as a method to invest funds in the luxury travel market.

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HoweyCoins ICO web-site

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