SEC Tries to Scam ICO Investors to Show Them How Easy It Is

• Agency sets up a fake ICO to warn investors about the risks • Regulator has repeatedly warned investors of fraud in ICOs

A hot new initial coin offering gives investors the chance of a lifetime to make money from sun-soaked beaches and crystal-clear waters. It also provides something even more valuable: advice on how to avoid getting ripped off by fraudulent ICOs.

The Securities and Exchange Commission is pitching a fake initial coin offering to educate investors on the pitfalls of too-good-to-be-true ventures. The bogus digital currency, calledHoweyCoins, has a sleek website, complete with awhite paper ...