Sentences with phrase «outright scamming people»
I understand these legitimate publishers need to make a profit, that's why they publish «celebrity» books, but to choose to make more profit by outright scamming people is despicable.
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There are huge risks here, as many of the startups launching ICOs are getting regular people to buy into thin or implausible business plans — or, worse, outright scamming them with pump - and - dump schemes.
Most singles who have tried meeting people from online dating sites have come across this telltale internet dating scam sign: being asked to either cash someone's check or money order for them, or being asked outright for money.
Conducting a token offering is very easy, but the number of ICOs will eventually decline, while the number of failed cryptocurrencies is likely to rise as people become more wary of betting money on worthless efforts or outright scams.
Some are even outright scams or ICO pyramid schemes, where people simply hype up and start selling worthless tokens.
«A number of crowdsales for cryptocurrencies have turned out to be outright scams, where people promised the launch of a new cryptocurrency but never made good on the promise, absconding with the funds collected during the process,» said Veredictum.io CEO Tim Lea, adding: