HoweyCoins: The SEC’s can’t-miss, hot investment website shows how it’s done

When it comes to investment scams, there are two eternal, conflicting truths: a sucker is born every minute and an ounce of prevention is worth a pound of cure.

No one knows this better than the U.S. Securities and Exchange Commission.

On a daily basis, the SEC highlights the imaginative lengths to which scam perpetrators go to separate suckers from their money and the relative ease with which the extraction often times occurs. As for its prevention mandate, the agency offers abundant educational resources that can prevent investors from being victimized.

The SEC is going to more elaborate lengths these days to alert investors to what an online scam looks like.

The agency has concocted a fictitious web page, HoweyCoins, that touts a bogus luxury travel/ initial coin offering come-on. The site features offers that won’t last forever, a deceptively worded white paper explaining the can’tmiss proposition, endorsements and other features that real scam artists employ to lure their victims.

“Don’t miss this exclusive opportunity to participate in HoweyCoins Travel Network now!” visitors to the site are told.

The agency hopes that by conspicuously identifying some of the most common tricks that scam artists use, people will be able to spot a scam the next time one comes along.

“Can’t wait to participate in the next new crypto explosion,” reads a ringing endorsement from a suave man talking on a cell phone and getting out of what appears to be a limousine. “HoweyCoins are going to change the travel landscape forever!”

HoweyCoins are ballyhooed as “the newest and only coin offering