Difference between revisions of "Cryptocurrency fraud"

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=='''SEC Warns About Initial Coin Offerings'''==
=='''SEC Warns About Initial Coin Offerings'''==


The SEC’s Office of Investor Education and Advocacy recently issued an investor bulletin warning investors about the risks of investing in ICOs.  According to the bulletin, investors should be alert to the following warning signs:
The SEC’s Office of Investor Education and Advocacy recently issued an [https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-bulletins-16 investor bulletin] warning investors about the risks of investing in ICOs.  According to the bulletin, investors should be alert to the following warning signs:
* “Guaranteed” high investment returns.
* Unsolicited offers.
* Sounds too good to be true.
* Pressure to buy RIGHT NOW.
* Unlicensed sellers.
For more information about risks related to investing in virtual currencies, see these SEC resources:
* [https://www.investor.gov/introduction-investing/general-resources/news-alerts/alerts-bulletins/investor-alerts/investor-39 SEC Investor Alert: Bitcoin and Other Virtual Currency-Related Investments]
* [https://www.sec.gov/investor/alerts/ia_virtualcurrencies.pdf SEC Investor Alert: Ponzi Schemes Using Virtual Currencies]
* [https://www.sec.gov/investor/alerts/socialmediaandfraud.pdf SEC Investor Alert: Social Media and Investing – Avoiding Fraud]


“Guaranteed” high investment returns.
=='''ICO/Cryptocurrency Whistleblowers Can Qualify for SEC Whistleblower Awards'''==
Unsolicited offers.
Sounds too good to be true.
Pressure to buy RIGHT NOW.
Unlicensed sellers.
For more information about risks related to investing in virtual currencies, see these SEC resources:


SEC Investor Alert: Bitcoin and Other Virtual Currency-Related Investments
SEC Investor Alert: Ponzi Schemes Using Virtual Currencies
SEC Investor Alert: Social Media and Investing – Avoiding Fraud
ICO/Cryptocurrency Whistleblowers Can Qualify for SEC Whistleblower Awards
Whistleblowers who voluntarily provide original information to the SEC about a securities violation, such as an unregistered offering, may receive anywhere from 10 percent to 30 percent of the monetary sanctions collected in actions brought by the SEC.
Whistleblowers who voluntarily provide original information to the SEC about a securities violation, such as an unregistered offering, may receive anywhere from 10 percent to 30 percent of the monetary sanctions collected in actions brought by the SEC.