Teams showing real faces to public can still scam you

[TrevorS]

The fact is that when the team is real, you can’t immediately determine whether they will turn out to be a scam or not. Sometimes a team comes up with a hoax when they realize that this is possible without consequences, as they think. Either one of the team members turns out to be a scammer, most often this is the project manager. They all do not hide their faces when they raise funds.

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[gensol]

Yes you're right but it's unlikely they turn out as scam reasons
1. If they show their real faces, they're known people can track them in real life.
2. Their real face stops lots of things.

[lolgato1]

You didn´t know this? The best scammers do not have problem to show how trustworthy they really can be. They can give you proofs of registrations, proof of legal business, everything seems to be true, but it is not. 

[target]

I agree with op's assertion, however I would point out that ICO team members using their own, verifiable pictures and whatever other docs they release to the public is an excellent act of faith on their part.  Of course that doesn't mean investors cannot still get scammed, and examples have been pointed out where that happened. 

But when you see an ANN thread for a new project and it comes to light that the team members are all fake, or they're using cartoon avatars instead of their own pictures, that's a sure sign that the project is a scam.  That's happened more often than not as far as I can tell.

So I would say that it is *necessary* for those faces to be real, but it is not *sufficient* to ensure that a scam isn't in progress.

RachelX VR project recently did an IEO to 4 exchanges including Vindax and Latoken, their team uses their images but were cartoonized of some sort. I was surprise no one really post a scam reputation about the team and the project. None of the scam busters were trying to question them.

I can see the ANN thread created were bumped by newbie accounts almost everyday but I see they go on, maybe because they were doing IEO but if they were doing ICO, thread must have been filled with scam accusation.

[xabre]

Many team and owner never show their real face to the public and you have keep way if got ICO investment like this because become scam ICOs coin, if they are real face will show who they are and make discussion with their youtube or social media facebook and twitter for the investor.

[dothebeats]

Some of these faces are not really from that of the developers but instead, some paid actors who are used by these dev teams in order to cover up their real identity. While Bitconnect is a clear exception of this, which led to most of their executives being arrested and facing prison time, still some are out in the open even though their faces are posted on the internet. I don't really trust ICOs that contain images and names that are not verifiable using multiple sources which could not be paid by any private entities/individuals. Those dev teams who do are usually in it for the long run and not just until they hit the exchange and dump the coins.

[lionheart78]

Yes you're right but it's unlikely they turn out as scam reasons
1. If they show their real faces, they're known people can track them in real life.

They likely, see OP posts, check Bitconnect and Miracle Tele.  or if you are keen to your society, you can go out and see for yourself those scam companies that offer trading profit from cryptocurrency and sell you packages of investment that have high yield profit.

2. Their real face stops lots of things.

Sadly not all people are informed about the scams of these people so they can continue to scam people again and again.

[stephanirain]

I am here to confuse people who still think that any new projects that entered crypto space with teams that are able to show their faces on videos and even attend good crypto seminars anywhere around the world have nothing to hide, and they think its real project and far from scam, well the biggest scams in crypto space are able to cater away with that huge money because many believes they are real, The ceo and teams coming out in publics to discuss about the projects doesn't erase the fact that they can scam you.
Bitconnect did the same thing and miracle tele joined too

The best lies are the ones look real. Bitconnect really did a number in the reputation of altcoins and I will not be surprised if another project will follow their example. Yet I must say that those developers who shows their faces in the public should not be condemned easily as bogus. It's not about the faces actually. We can do a little stalking online and judge their personalities on that or like if you can find any sort of information that can make you trust the dev team. After all, all of the victims of the scams have seen something special in that project. Use that as a way to confirm your insights and settle your doubts. But this doesn't mean it will eliminate the risk of being scam. It just lessens it because the industry still has no regulations. So, there's nothing else we can do except to take care of ourselves.

[trauchot]

That's right, even if the team is real in any company, then there is still a big chance that this company will turn out to be a scam, because now no one is afraid of anyone and unfortunately scammers even display their real photos and data and still cheat investors and run away with money, so in cryptocurrency investments you always need to be very careful.

[3DBrushes]

That's right, even if the team is real in any company, then there is still a big chance that this company will turn out to be a scam, because now no one is afraid of anyone and unfortunately scammers even display their real photos and data and still cheat investors and run away with money, so in cryptocurrency investments you always need to be very careful.

Yes, people must not believe in anything which looks suspicious.
Even a registered company can scam you easily. For example you can start a company virtually in UK for less than £100. Some investors believe it as a good sign. But technically it is not.
No need to say about pictures/documents at all as they can be faked so easily.

[seleme]

People are not blindly trusting to the project, the real faces behind the project are not determinant for discovering the reliable project. Social media shortcuts on the ICO website can be a fake in which team members use the data of other developers. These steps turn out to be an entry-level scam, so checking the projects carefully can change the investor's decision in my opinion.

[HodlerKing101]

Teams that are showing their faces, doing AMA's, all kinds of interactions to the community doesn't guarantee you the fact that they will not do an exit scam regardless if their fundraising become a success or not, and we've all seen that last 2019.

Even though the amount of scam projects became smaller in 2018, there were still some that were able to trick these investors. This CEO admitted to the legal court that he issued tokens that has no utility or value, and they're in such a big mess now. You also can't trust a project just because John Mcafee or other big players in the space starts promoting this certain coin, we all have to play it smart.

[coiningz]

Scammers are not afraid of anything in last times, so faces is not a garauntee of anything

[andika2018]

I am here to confuse people who still think that any new projects that entered crypto space with teams that are able to show their faces on videos and even attend good crypto seminars anywhere around the world have nothing to hide, and they think its real project and far from scam, well the biggest scams in crypto space are able to cater away with that huge money because many believes they are real, The ceo and teams coming out in publics to discuss about the projects doesn't erase the fact that they can scam you.
Bitconnect did the same thing and miracle tele joined too

There is no safe investment in the cryptocurrency market if we don't do research first. Investments that I think are safe are investments in coins that are already in the top 50 or top 10 because they already have large liquidity and are also traded in large exchangers

[target]

Of course they can still scam investors. I have met many such projects since 2017 and I am surprised that they are not affected by the law

Coins listed in on exchanges tend to become scam even after all they've accomplished.

Teams who didn't ask for funds are pretty much confident they can't end up scam because they didn't ask anything from investors, they are just releasing and distributing airdrops of their token. They reason out they didn't received money from anyone but when exchange listing comes, its when they greediness burst out.

[FlamingFingers]

This is very true,  showing identity does not truly mean that a project team won't scam,  there is a technique that they do use,  once they are being listed on an exchange,  they will tell investors that one of their team member dumped his token,  meanwhile it's a game plan from the whole team and they later exit scam

[BlackFor3st]

I am here to confuse people who still think that any new projects that entered crypto space with teams that are able to show their faces on videos and even attend good crypto seminars anywhere around the world have nothing to hide, and they think its real project and far from scam, well the biggest scams in crypto space are able to cater away with that huge money because many believes they are real, The ceo and teams coming out in publics to discuss about the projects doesn't erase the fact that they can scam you.
Bitconnect did the same thing and miracle tele joined too

I have encountered plenty of projects like these and they even reach their softcap but after that they just run away with the money. Showing their faces doesn't mean that they are not a scammer already.

Yes, miracletele is the latest one that did this kind of exit. They even have an existed project and they raised millions of dollars but after that the CEO exit first and followed by the rest of the team.

[dfktynby1004]

Most often, the organizers of the project use actors. They take pictures of different people and present them as employees. These people have nothing to do - they are a wrapper. There was an FTC project that abandoned its investors and disappeared. It turned out that no public person was a real employee of this company. This happens in many areas of activity and at the moment nothing can be done about it. People will cheat and even more so in cryptocurrency.

[enhu]

Most often, the organizers of the project use actors. They take pictures of different people and present them as employees. These people have nothing to do - they are a wrapper. There was an FTC project that abandoned its investors and disappeared. It turned out that no public person was a real employee of this company. This happens in many areas of activity and at the moment nothing can be done about it. People will cheat and even more so in cryptocurrency.

Worse part is that they were never caught until we realized they are gone. But there were also special cases though. I have seen projects where from the start they were branded as scam until the end of the ICO it wasn't proven and they listed the token which the price is way more than we expect. One project like ETHBits ($0.126919 USD (63.11%)) which still is active. Its platform isn't even used by anyone, not anyone I heard that someone used the exchange.

[Fredomago]

This is very true,  showing identity does not truly mean that a project team won't scam,  there is a technique that they do use,  once they are being listed on an exchange,  they will tell investors that one of their team member dumped his token,  meanwhile it's a game plan from the whole team and they later exit scam

Same strategy with Ponzi / HYIP they will point finger to one of their co admin but the real score is it's been planned before the business run.
Moving back to this scamming thing, even the team show their real faces if the intention is to purely scam investors money there's still lots
of ways to do it. Experienced scammers planned well to the point that it will looks like a legit project and attractable to get investors attentions,
the scamming part will happen when the team got satisfying funds to declare the project being failed then runaway with collected money.