Celebs endorsing ICOs must now disclose if their social media posts are paid promotions.
When celebrities endorse things on social media, a lot of people tend to take their word for it. Now that some of them have also begun endorsing a controversial means of crowdfunding called “initial coin offering” or ICO, which was recently banned in China and South Korea, the US Securities and Exchange Commission has had to step in with a warning. Since ICOs are an unregulated means to raise money using cryptocurrencies, people could use them to sell products that don’t exist or to entice investors to sink their money into projects that will never materialize. That’s why SEC has decided to be on the lookout for celebrity ICO endorsements to protect potential investors.
The agency’s warning says:
“Any celebrity or other individual who promotes a virtual token or coin that is a security must disclose the nature, scope, and amount of compensation received in exchange for the promotion. A failure to disclose this information is a violation of the anti-touting provisions of the federal securities laws. Persons making these endorsements may also be liable for potential violations of the anti-fraud provisions of the federal securities laws, for participating in an unregistered offer and sale of securities, and for acting as unregistered brokers.”
SEC’s warning comes after The New York Times published a piece on celebrities like Floyd Mayweather and Paris Hilton endorsing various ICOs. The famous boxer help a Miami-based ICO called Centra Tech raise $30 million. According to the publication, Centra Tech’s founders created a chief executive that doesn’t exist. In addition, despite promising a Visa or a Mastercard debit card to its backers that will supposedly allow them to spend their Centra coins anywhere, the company reportedly doesn’t have any kind of deal or partnership with either credit card company.
Full Read – https://www.engadget.com/2017/11/02/sec-bitcoin-endorsements-warning/
Powerful Arab criminal clans are actively trying to plant their members into Berlin’s police and other state services, a local German Police Union head has claimed. He went on to say the mafia gangs are seeking to control police actions.
Large criminal networks of migrant descent are seeking to provide some of their members access to the inner workings of state services, Bodo Pfalzgraf, the head of the Berlin branch of the German Police Union, told the German broadcaster ZDF on Wednesday. “The truth should be revealed,” he said.
“There are clear indications that big Arab clans have a [infiltration] strategy and try to keep certain family members away from criminal activities so that they could later infiltrate state services,” Pfalzgraf explained as he appeared on ZDF’s ‘Morgen Magazin’ program. The migrant mafia has “a vital interest in first-hand knowledge of how the state works, how the police operate and when searches [and raids] are conducted,” he said.
Read Full – https://www.rt.com/news/409276-arab-mafia-german-police/
More than a dozen trailers transporting multi-ton shipments of frozen octopus have been reported stolen in Mexico in the last month, illustrating how crime groups are constantly seeking new revenue streams, even in seemingly unlikely places.
Since a devastating earthquakerocked Mexico City on September 19, 14 trailers carrying multi-ton frozen octopus shipments have been robbed on federal highways leading from the Caribbean state of Yucatán to other parts of the country, El Diario de Yucatán reported.
According to the local publication, each trailer carried 25 tons of octopus, an amount worth some $3 million. It’s estimated that the total losses accumulated from the robberies have now totaled more than $40 million.
Read Full – http://www.businessinsider.com/mexican-organized-crime-groups-have-branched-out-into-octopus-theft-2017-10
Organized crime is on the rise and prostitution and human trafficking is a growing problem in Iceland, according to a new report on organized crime released by the strategic analysis division of the National Commissioner of the Icelandic Police earlier this week.
The police has seen increase in criminal offences and cases that have ties to organized crime, such as human trafficking, prostitution and narcotics. At least ten different organized crime groups are active in Iceland according to the report.
Hells Angels, Outlaws, Bad Breed
At least three motorcycle gangs are trying to establish themselves in Iceland, Hells Angels, Outlaws and Bad Breed. In previous years, the Icelandic police has been successful in hindering motorcycle gangs in gaining significant foothold in Iceland, but according to the report there are now definite signs that they are actively working to expand their presence in Iceland. Many members of the motorcycle gangs in Iceland have ties to the illegal drug trade, money laundering, and are known to be armed.
Read Full – http://icelandmonitor.mbl.is/news/politics_and_society/2017/10/26/organized_crime_and_prostitution_on_the_rise_in_ice/
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