The audacity of these scammers to create fake licenses to make it appear that they are holding a genuine project. I really cannot fathom on how these people are able to swallow their guilt of deceiving investors to their project.
Of course. Because of these fake licenses, people think these projects are real. Because most of the investors who are interested in investing in these projects are new investors. The amount of profit that this project promises is certainly the same tempting plan to get more funds.
No real company can survive by providing such huge profits to investors. So this is a ponzi scam project.