Promoter of Crypto Scheme Touted by Steven Seagal Pleads Guilty, Faces 5 Years in Prison

Promoter of Crypto Scheme Touted by Steven Seagal Pleads Guilty, Faces 5 Years in PrisonA promoter of the cryptocurrency scheme previously touted by famous martial artist and actor Steven Seagal has pleaded guilty for his participation. The scheme falsely claimed that it “could generate an 8,000% return for investors within one year.” Crypto Scheme Promoter Pleads Guilty The U.S. Department of Justice (DOJ) announced Friday that John DeMarr, 55, […]

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Founder of Crypto Scam Promoted by Actor Steven Seagal Charged — Key Member Arrested in US

Three people have been charged in the U.S. over two cryptocurrency scams, one of which was promoted by famous Hollywood actor Steven Seagal. The main promoter of the schemes has already been arrested and is facing criminal charges. Seagal previously settled the charges against him relating to the scheme. The U.S. Securities and Exchange Commission […]

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Steven Seagal Pays up $330,000 Following his ICO Endorsement

TheMerkle ICOHub Weeding Out ScammersPlenty of celebrities have openly endorsed initial coin offering in 2016 and 2017. It was a matter of time until that type of behavior would have negative repercussions.  Steven Seagal is one of the multiple celebrities paid to promote an ICO.  Steven Seagal Pays a Hefty Price At the time, there was no pressure by the SEC for such projects. Years later, Seagal came under scrutiny of the SEC for his association with an initial coin offering endorsement. His endorsement pertains to Bitcoiin2Gen, an ICO which never amounted to much. Steven Seagal hinted on social media to not miss out

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Steven Seagal Karate Chops Bitcoiin ICO Goodbye

Steven Seagal Karate Chops Bitcoiin ICO GoodbyeCelebrity endorsements of ICOs are a great way for projects to get mainstream media exposure and might appear to be a risk-free way for the stars to get some tokens. However, if a specific ICO, or the entire industry, gets negative press it can hurt the reputation of anyone associated with them. For example, Steven […]

The post Steven Seagal Karate Chops Bitcoiin ICO Goodbye appeared first on Bitcoin News.

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”Zen Master” Steven Seagal Eyes Up a Replacement for Bitcoin

Steven Seagal Eyes Up a Replacement for BitcoinSteven Seagal is eyeing up a cryptocurrency to replace bitcoin. Bitcoiin – count those I’s – may look and sound similar to bitcoin, but is very different. It runs on the Ethereum network, confusingly, and boasts “zen master” Steven Seagal as its brand ambassador. To add to the confusion, Bitcoiin with two I’s sports a […]

The post ”Zen Master” Steven Seagal Eyes Up a Replacement for Bitcoin appeared first on Bitcoin News.

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