SCAM ALERT

Please be extremely cautious when you invest in up and coming digital currencies and platforms. With a new influx of people migrating to bitcoin and blockchain technologies, there will be many organized shills that will manage to pull off convincing projects. More people equals more criminal organizations. I have faith that many people who are already a part of the steemit community know how to spot a scamcoin, but as steemit grows there will be a lot of inexperienced users participating in trading and investing.

Just recently the United States Securities and Exchange Commission (SEC) busted a man named Homero Joshua Garza, for running two separate mining scheme operations. The two companies were known as GAW Miners and ZenMiner. This ponzi scheme racked up a LOT of money. He is now facing a $12 million penalty.

Over 10,000 investors joined the ponzi scheme, and Homero was able to aquire a hefty $20,000,000.

Check out this article to learn more.

http://thehackernews.com/2017/06/bitcoin-mining-ponzi-scheme.html

Be aware and stay safe. Have a great day people. And please, if you know of any ongoing ones right now, you should list them in the comments to keep people aware!