Should there be a Review team for ICOs?

Guys what do you think?

Some forum moderators should be selected & paid mandatory fees by ICO owners to thoroughly review ICOs before fully letting them run advertisements and campaigns on the forum.
Reviews can run concurrently with their campaigns and advertisments and could take between 3 days to 2week to be completed depending on size of projects.
Once a project is found fraudulent its ad and campaign would be suspended or terminated with absolutely no refunds. Also, funds collected by the project managers (which I assume will be escrowed) would be returned to owners if projects get terminated.

Preventing abuse

Problem now is how to make sure this isn't abused by either the reviewers or the Project owners.
The Review Process should be transparent and open to all forum users see but non reviewers won't be allowed to post. A Review Section could be added to the forum for the selected moderators to create threads and make Reviews.

Things to Review

* Verify if ALL their claims are true. Verification of things like pictures of contributors, claims about not Pre-mining, project originality etc. No need to punish project owners if they prefer to be anonymous or for not including contributors...all that is needed are projects that are good and unique .