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A comment on SEC Charges Kik With Conducting $100M Unregistered ICO. Parent comment

Re:SEC Charges Kik With Conducting $100M Unregistered ICO by badfrog on Tuesday June 04, 2019 @06:00PM (#20099684)
> Is the ICO a scam? Yes, it wasn't legal.

Not everything that's illegal is a scam. If somebody sells me cocaine and I'm happy with the product, it's illegal but nobody was scammed.

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Re:SEC Charges Kik With Conducting $100M Unregistered ICO by VikingCoder on Wednesday June 05, 2019 @08:45AM (#20103785)
Yes, that's true. However, many securities laws exist to protect investors. So, if you knowingly violate securities laws, there's a pretty good chance you are knowingly putting investors in a disadvantageous position. That's a textbook definition of a scam.
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