Report: #1415516

Complaint Review: Covesting ICO

  • Submitted: Thu, December 07, 2017
  • Updated: Thu, December 07, 2017
  • Reported By: Enrico — New York United States
  • Covesting ICO

    United States

Covesting ICO Covesting Initial Coin Offering Covesting ICO Financial Fraud Alert ! Internet

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Beware of COVESTING ICO , take into consideration that ICO are unregulated ,and do not provide protection to investors ,in case of fraud or loss. I found more information on this website : http:// covesting-ico/ . The company claims " Covesting Platform creates a synergized ecosystem that brings investors and crypto currency traders together. " Please before you buy an token at Covesting ICO : Get helpful information regarding, allegedly unethical financial practices, connected to the COVESTING websites on Google or on http:// covesting-ico/ .

BEWARE : almost all positive reviews are fake . It's websites that take money for their reviews . It is actually advertising . Cryptocurrency is still much more complicated than using fiat currency, those new to the area are greeted with dozens of different exchanges to choose from which tend to charge high fees, 100s of people trying to sell them their 'get rich quick' schemes and a choice of 100s (soon to be 1000s) of different tokens to trade. [continued below]....

..... The learning curve for crypto is huge which is further complicated with a lot of bad information being out there.

After a careful evaluation it looks like COVESTING , has no clear business plans. And while investors might hope that the COVESTING tokens appreciate in value, as those in the bitcoin and Ethereum networks have done, that may not ever happen . The SEC is on the lookout for pump-and-dump schemes , and we will pass them our reports about COVESTING ICO . Before buying tokens at COVESTING , please check first , our reviews page , you will find always the most updated information about COVESTING , including existing lawsuits records , bankruptcy, legal issues , negative articles, negative comments, negative customer complaints, scam reports , fraud alerts ,arrest records ,negative blogs , negative forum posts , negative mentioning ,negative reviews.

Wall Street’s top regulator has a warning for mom-and-pop investors who are rushing into the booming market for initial coin offerings: the space is probably full of fraud. The Wolf of Wall Street Thinks that ICOs Are 'The Biggest Scam Ever’ Despite the huge rise of cryptocurrency there's still a lack of traders who are managing to raise extra funds to trade with. It's hard for them to gain trust in a market that's become famous for the benefits of anonymity and due to it still being such a new market.

This report was posted on Ripoff Report on 12/07/2017 03:27 AM and is a permanent record located here: The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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