April 3, 2026

Capitalizations Index – B ∞/21M

“Free Money Guy” Matthew Lesko Says Crypto Are Gamble, Scam

“free money guy” matthew lesko says crypto are gamble, scam

“Free Money Guy” Matthew Lesko Says Crypto Are Gamble, Scam

“free money guy” matthew lesko says crypto are gamble, scam

Matthew Lesko, the US author who made himself a name in the 90s writing books on how to get “free money” from the United States government, claimed that cryptocurrencies are a scam and Bitcoin is a “gamble,” talking to CNET in an interview on Feb. 20.

Lesko, who runs his own website, YouTube channel  and various podcasts, all dedicated to to the topic of obtaining federal grants from the US government, says that “many people are interested” in Blockchain and cryptocurrencies. Lesko recommended these people to “stay away” from digital currencies unless they “have money to lose.”

The “free money guy” elaborated:

“You’re playing with sharks right now. This is the beginning of something, [and] no one knows where it’s going.”

Lesko argues that cryptocurrencies are actually ascam, since they are not backed by anything and are not regulated, unlike the US dollar. He believes that “if there’s no regulation, you get screwed.”

In 2004 the New York State Consumer Protection Board criticized Lesko’s commercials and books, stating that many of his readers did not get the “free money” he promised. According to Lesko himself, Blockchain experts today implement the same “exaggerations” he used in his 90s “free-money” infomercials.

Published at Sun, 25 Feb 2018 19:13:21 +0000

bitcoin

Previous Article

CRAZY BOAT CRASH! MUST SEE

Next Article

Morley Cigarettes X Files Lapel Pin Bitcoin Accepted

You might be interested in …

Ether Review Legal #4 – MME, the Beating Heart of Crypto Valley

Luka M?ƒller and Dianne Schepers of MME?’?Š?'”?’?Šthe Swiss law firm famous for running the Ethereum crowdsale?’?Š?'”?’?Šdiscuss jurisdictional constraints, Crypto Valley, novel crypto-asset classes and the ?’?œsecond wave?’ of tokenization.

With 25 previous ?’?œtoken generating events?’ and 60 pending projects, MME is a clear leader in the crypto law realm. The firm is now welcoming a ?’?œsecond wave?’ of clients; companies from the legacy economy which are seeking ways to enter the blockchain world through tokenizing their pre-existing equity.

In this discussion Luka outlines some of the major distinctions between US and Swiss law in relation to token issuance, looking at securities law, donations, and the commonly used foundation model. These and other regulatory differences, compounded by the stable and already-decentralized nature of Swiss government, make Switzerland the ideal jurisdiction for Crypto Valley, the rapidly growing successor to Silicon Valley based in Zug, a financial center.Alongside its long list of clients, MME is now focussed on creating Blockchain Crypto Property (BCP) standards. The final BCP paper, to be published in August, will classify tokens under a range of asset classes and outline a quality checklist for various token models. These standards will simplify risk assessment and ensure that tokens issued in Switzerland will be globally listable and tradeable.

mme.ch

twitter.com/MME_Switzerland

consensys.net

consensysmedia.net

etherreview.info

https://itunes.apple.com//podcast/the-ether-review/id899090462?mt=2

Stellar Becomes the Fifth Largest Cryptocurrency in the Market

Crypto New Media Stellar Becomes the Fifth Largest Cryptocurrency in the Market Crypto New Media Press Stellar Lumens (XLM) has reached the fifth position in the cryptocurrency market. According to its market capitalization, XLM is […]