Crypto Scams

Please excuse the post, but I do not claim to be a writer or very eloquent, I am not a financial adviser nor a crypto currency expert, just thought I would share my findings while trading crypto currency's.
So many currency's out there, how many of them are scams and how many are ligit?
The reason I think some scams are not picked up are because there are usually very smart people behind them.

I am not sure what the rules and regulations are around regarding naming and shaming specific currency's. Instead of me just saying "this coin" or "that coin" is bull$h1t let us pretend I am the one that wanted to scam someone.
What would be a way to do that?

The scam makes the scammer 100% profit on his investment and takes 50% on the "scammed's " cash input.

How do I do this?... glad you asked.

Step 1. You make a coin, let's call it "scam coin" (loads of tutorials on YouTube how to make one with minimal to no programming experience)

Step 2. Make a website for your coin, the more legitimate looking the better, also have a timer running down to some huge announcement.

Step 3. List your "scam coin" on an exchange.

Step 4. Place a massive buy order for the lowest price (0.00000001 BTC) the larger the better. The scam I saw put an order in for 6.something BTC.

Step 5. List your coins at 0.00000002 to sell.

Step 6. Rake in the money.

So let's see how this worked.
The "scam-coin "creator has a large amount of coins to sell (he created them), you (the potential scammed) can only buy for 0.00000002 as the 0.00000001 order the scammer placed needs to be filled first. And the 6.whatever bitcoins worth of coins need to be filled. Only problem is that the only guy with enough coins to fill the order is the scammer himself, and he is not going to sell 1 coin at 0.00000001.

Now you buy at the 0.00000002 price. But the price will never go past 0.00000002 because there are so many millions for sale at the 0.00000002 price.
And the only way you can get out is to sell your coins back to the scammer for 0.00000001 reducing your cash by 50%
People fall for this because you think to yourself "this coin can't fall much lower than I am buying for, and if it goes up I will be rich." So it will be very easy for someone to want to take a risk and put thousands of dollars in.
The only one getting rich is the scammer.

I am not sure how much of what the scammer can be seen as "illegal"
Because it's legal to make your own coin, legal to list and sell on an exchange, he is not forcing anyone to buy the coins.
Not illegal to place a buy order on your own coins
Only thing I can see as being possible as illegal is that he is actually manipulating the price.

So please be careful and don't just invest blindly.
and if you find some of these coins please warn people.