Quantcast
Connect with us

Steven Seagal goes all in on pyramid cryptocurrency ‘Bitcoiin’ as ‘worldwide ambassador’

Published

on

Far-right actor Steven Seagal is promoting a sketchy cryptocurrency called Bitcoiin 2Gen (with two “i”s).

Gizmodo noticed Seagal tweet out a promotion for the company as it undergoes Initial Coin Offering (ICO) crowdsales.

ADVERTISEMENT

Seagal doesn’t clarify if he’s being paid by the company or has been given any of the currency for the tweet, but he’s signed on as the “worldwide ambassador.”

The company describes itself as the place where people who missed out on Bitcoin can invest with “10x lower transaction costs.”

Meanwhile, the Securities and Exchange Commission is cautioning investors against throwing their money into a potentially unlawful ICO. In November they specifically cited “celebrity-backed” ICOs.

The whitepaper from Bitcoinn 2Gen uses a kind of pyramid scheme-like structure and promises payouts to each level.

ADVERTISEMENT

“Here is the opportunity where life does give the second chance,” the paper awkwardly states. Ethereum, a rival crypto framework to Bitcoin, is the one the new Bitcoiin is using.

The rest of the details are thin, but the site claims over 9 million investors have invested. They’re being promised huge payouts.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

Prosecutor spills details about Bill Barr’s ‘unprecedented, unnecessary and unexplained’ efforts to oust him

Published

on

Geoffrey Berman, the man who until recently served as the United States Attorney for the Southern District of New York, told members of Congress on Thursday about Attorney General Bill Barr's "unprecedented, unnecessary and unexplained" efforts to oust him.

In testimony before the House Judiciary Committee, Berman explained how Barr contacted him and repeatedly pressed him to step down from his position at SDNY to take another high-profile position within the government.

Berman, however, told Barr that he wanted to stay at his current job until a replacement was nominated by President Donald Trump and confirmed by the United States Senate.

Continue Reading

Breaking Banner

Seoul mayor found dead after ‘#MeToo allegations’

Published

on

Seoul's outspoken mayor Park Won-soon, long seen as a potential South Korean presidential candidate, was found dead, police said Friday. He was 64.

A former Seoul City employee filed a police complaint -- allegedly involving sexual harassment -- against him on Wednesday.

Park's body was found on a mountain in northern Seoul, police said, hours after hundreds of officers started searching for him.

If Park does prove to have killed himself he would be the highest-profile South Korean politician to do so since former president Roh Moo-hyun, who jumped off a cliff in 2009 after being questioned over corruption allegations involving family members.

Continue Reading
 

Breaking Banner

Legal experts weigh in on Supreme Court rulings on Trump’s financial records

Published

on

The U.S. Supreme Court, on July 9, handed down two anxiously awaited decisions dealing with access to President Donald Trump’s financial records — one in Trump v. Vancethe other in Trump v. Mazars.

Continue Reading
 
 
You need honest news coverage. Help us deliver it. Join Raw Story Investigates for $1. Go ad-free.
close-image