People think that regular "police" can do something about stuff like this are ridiculous at best. Let's put the Cybercrime division aside (not all places have this anyways). What exactly are they going to do? Let's say your local police found out the likely identity of someone. That someone is possibly a criminal, and is located several thousand kilometers away. Unless we are talking very big numbers and very good proof, then that is going nowhere.
Now, what usually happens in a scam ICO is that we're talking about anonymous people (e.g. often teams made up of fake images taken from online with fake names or completely anonymous). If they manage to *clean* their coins through mixers and other anonymous coins such as Monero, there is
*almost 0%* chance of them ever getting caught. All you have to do in the end is to make sure you sell into cash P2P, anonymously and stay far away from the place where you sold. Now when you put into perspective how *easy* it is to pull off such a scam (maybe not that easy of a big magnitude, e.g. several millions), that makes you wonder why anyone in their right mind would invest into
anything without proper due diligence and projects that don't have any escrow agents. "A fool and his money are soon parted".
Side note: Wrong section. Maybe trading discussion?
