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Is the actor Steven Segal a crypto scam artist, or just an idiot?

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by COINS NEWS 118 Views

Quick recap of Steven Segal.

Steven Segal, a famous martial artist and actor in the 80s, and 90s, and known for his action movies, continued to self produce movies after his career sank. All B-rated movies well into the late 2000s. His action movies became so bad they actually started to become funny and somewhat entertaining...if you were high enough to watch one.

Bitcoiin2Gen

This was an actual crypto.. yes. That's 2 ???? s you see in it's spelling. I had to double check that one myself..

Despite his declining career, he still managed to become an ambassador for crypto called "Bitcoiin2Gen".

The Zen Master

The company referred to Seagal as a "Zen Master" in their marketing materials, which was presumably meant to lend credibility to the project and capitalize on Seagal's reputation as a martial artist and spiritual figure.

However, the use of the title "Zen Master" was criticized by some members of the Zen Buddhist community, who felt that it was inappropriate for Seagal to be using the title in a commercial context

Unfortunately, the company turned out to be a Ponzi scheme and defrauded investors of millions. Segal settled a lawsuit with the SEC by paying $314,000 in disgorgement and penalties and agreeing to not promote any securities for three years. Looks like even a zen master can't avoid the consequences of promoting fraud.

Now. Given the fact that Steven Segal genuinely believes his movies are gonna go 1000x in popularity like the shitcoins he buys into. Is he really just an idiot that thought he was involved In a real project or did he know it was a Ponzi scheme?

submitted by /u/JuicySpark
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