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The ‘Wolf of Wall Street’ says ICOs are ‘the biggest scam ever’
Jordan Belfort knows a thing or two about frauds — and he says he spots one in ICOs, or initial coin offerings. The former stockbroker, who was portrayed by Leonardo DiCaprio in “The Wolf of Wall Street” movie, offered the following criticism of this increasingly popular approach to fundraising, according to a Financial Times report published over the weekend:‘It is the biggest scam ever, such a huge gigantic scam that’s going to blow up in so many people’s faces. It’s far worse than anything I was ever doing.’ An ICO is a fundraising approach in which a company attracts investors looking for the next ... (full story)
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Beware of robber banks (RB), bad advisors.
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KEEP THIS THREAD CLEAN
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