who is responsible for the scam project

[ankusharora1980]

Person himself is responsible for the scam project joined by him.one must be vigilant at the time of joining the project because instead of joining too many projects with scams join less projects without scam that will be more worthy. thanks

[Rustamm]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

Of course, the ICO team must be responsible for fraudulent ICO projects, depending on the degree of their guilt. However, at present, cryptocurrency is not yet legalized in most states, and ICO projects do not have proper regulation and verification of the team for the possibility of fraud on their part. In addition, this crime is very difficult to uncover, since it can be committed simultaneously in different countries, and criminals can quickly migrate from state to state.

[socksserver3]

I think that it is not easy to find those people who organize scam projects but why do they do this? Everything is simple. They want to earn money and that's why being not very fair they create scam projects

[gunhell16]

It is punishable by law, as long as the project is proven as fraud and scam.
The people behind the project will be in jail and will face large amount of payment.
I hope there will be no scam anymore in this community.

[devinks]

It is punishable by law, as long as the project is proven as fraud and scam.
The people behind the project will be in jail and will face large amount of payment.
I hope there will be no scam anymore in this community.

yes you are right, the members in the project will be punished or jailed for cheating and harming many people. it is very difficult to eliminate or avoid project fraud. when we choose a project it all depends on our luck.

[Aptekary]

I think that it is not easy to find those people who organize scam projects but why do they do this? Everything is simple. They want to earn money and that's why being not very fair they create scam projects

Due to the fact that there are a very large number of scammers on the cryptocurrency market today, I already doubt those words when they spoke about the decentralization and security of cryptocurrency users.

[akunta]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

of course it worth punishment, everyone just can't wait for the day when scammers could be detected and punished. banned at least. i am sure the system will be worked out quite soon

[Ayomiqueen]

Definitely the developer is responsible for any scam that happen in any project even if the wallet got hacked , they only have intention to collect the investors funds and run away which is bringing bad image toward the technology and many are concern about the way this should be tackled,
Many raised enough to has good product but because of the scam ideology they refuse to give back to the society and I think the etherium blockchain need some restrictions for smart contract on funds issue.

[Abal Abal]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

the name alone is fraud, have you ever found a fraudster who has a person in charge. I think your question is wrong. in an ICO the scam there is sure the people disappear. and cannot be questioned about his responsibilities

[jekainvestor]

Now it is more difficult to hide from punishment for fraudulent ICO than before. I even participated in one project, the CEO of which was arrested by the SEC

It seems to me that you mean the ICO of the tesh. If yes, personally I holded these tokens and it was an unsuccessful experience. But the question is if SEC arested the director, why they do not return the assets to the investors.

[Perfect35]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

Fraudulent projects are the responsibilities of scammers. There are so many of them and most times they do not show their real identity. They sometimes impersonate others, by using their pictures and fake profiles.
Scam projects always bring huge losses to their victims and they will not be able to recover it back.
Talking about the punishment that can be meted on them. There are several punishments, if only they can be caught.

[E_3fff]

Rarely there are cases when you can punish Scam projects. In addition, many work in countries where cryptocurrency or ICO is generally prohibited. But sometimes you can find news that the company is called to responsibility and oblige to pay all investments.

[valenow]

There are 2 categories of people responsible for scam- founders and promoters of scam.
Advertisement and any collaboration even adv on etherescan hurt innocent people.

[Diced90]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

That depends but typically the fraud is set at the ICO board members and identifying the right culprits is difficult. Regarding  what would make a fair punishment I think liability to damage incurred by the victims plus a deterrent fee.

[frchowe214]

In an place where there is money to be made and a lot of newbies who have no idea what they are doing, there is going to be scammers looking to make some easy money at someone else's expense.

[Reid]

Should we really be looking for someone to blame it to?
Is that question the right one?
Why not ask how to stop thid kind of scams or just how to prevent it?
That is all we can do if they are good in hiding. Newbies should be warned even before they have the idea to use their money to buy ICO tokens.

[antolinicio1]

Yes, it is very sad situation. Scam projects occupy the most part from all ICO. They raise money, deceiving the investors. And then they disappear also nobody not to a mozha of nothing to do with it. It would be very desirable that the solution of this problem has in the future appeared.

[Casmania]

Yes, it is very sad situation. Scam projects occupy the most part from all ICO. They raise money, deceiving the investors. And then they disappear also nobody not to a mozha of nothing to do with it. It would be very desirable that the solution of this problem has in the future appeared.

Indeed, the situation being raised here wasn't good enough to think all about. Scam projects will no longer exist if people will be more vigilant in choosing their project to get involve with. We must act independently and always maintain a stronger faith with your every decisions.

[Invest-or]

That is like asking who is responsible for robbing a bank. Basically, the responsible ones are the robbers, sometimes also the bank if they did not exercise proper caution in the fund keeping.

[vixcious]

Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.

No one will be responsible for it. Even the project managers colluded with the project owners to cheat us. Twogaps is a typical example. It is a Vietnamese team that manages ICO projects. They managed the successful Bitnautic project and now they have removed the spreadsheet and not let us see it. That really made me sad.