This was a glaring issue regarding securities for a long, long time.
Professionals and serious devs would have considered this ages ago.
Unless they aren't US based.
Don't be so sure that just because they aren't US based they are in the clear. Lots of countries have securities laws and are perfectly willing to cooperate with the US government if they violated any US laws.
Yeah, Europol will go hard on this as well. And yeah doesn't matter what they call it, ICO/ITO/IPO that was why I said they changed the name. It implies they knew that what they were doing would have repercussions.
Those ICO/ITO/IPO exists only because morons are gullible enough to think they will make them rich... (and they pretty much okay in participating in a pump and dump scheme (another fraud) assuming they can dump on somebody else...)
Is there a law preventing people to hurt themselve with an hammer ? Yes and no... Actually if you hit yourself with an hammer expecting to get insurance money... this is also called a fraud...
Actually anybody participating in a Ponzy scheme should be prosecuted... I am pretty sure some of the people did get their 7% interest a week (with other people money...
btw what is the btccointalk nickname of that guy just no to be scammed while he kill time in prison
) and they probably recommended the guy to others too...
Before in prison, there were people with big muscle, now we will see lots of nerds in prison.... that will be hard for them
