This should put the scam accusations to rest once and for all. The dude is American, public, and subject to securities law per the FTC. If he did legitimately scam, instead of this more plausible story then he's a bit screwed even under current law, no regulations needed. I seriously doubt that he would do that.
The 33-year-old native of Youngstown, Ohio began with cryptocurrency when his friend challenged him to do his own research on Google. “I was mad that he didn’t tell me everything,” on what to look for and where, says Kirtz. “There was not enough information in this space.”
In 2016, he started the Facebook group “Crypto Day Traders,” to close the education gap. From 200 to over 30,000 members in six months, Kirtz gained enough confidence to leverage his investor relationships with Clout Network the information hub for digital currency investing. “We launched a pre-ICO, and it was amazing until my partner backed out,” he says, on raising $2.5 Million for the Clout token which was worth $1.
Like many early crypto enthusiasts turned fund managers and consultants, Kirtz encountered legal issues. “The co-founder tried to blackmail me for funds, reporting the company was a scam.” Kirtz’s team shrunk to three employees (he started with twenty), with mainly legal staying on board.
Pivoting.
Determined to save the team, Kirtz made a strategic partnership with a seperate company he founded called ICO Services Inc. As the consulting arm for CLOUT, Kirtz pulls ICO clients and uses 25% of the profits to airdrop to token holders, and another 25% to cover operational costs.
Kirtz manages 5–6 projects at a time, and is scheduled to raise $260 million between ICOs. With focus on creative smart contracts, community engagement and marketing, the activity will only increase predicts Kirtz.
ICO Services Inc offers various services to deliver clients greater transparency. Multiple escrow service providers including TMF ensure that both buyers and sellers of say, Bitcoin are protected. Multi-signature wallets ensure multiple parties are disclosed during the transaction ensuring additional layers of security. Account systems with the option of hiring employees for the portfolio companies ensure compliance.
Equally important are community building and branding. “Typically, our clients have 5–10,000 users in Telegram,” the encrypted app adored by cryptocurrency and blockchain enthusiasts and investors, says Kirtz. The numbers are greater on Facebook: 20–50,000 total users. From these groups, advisers are selected and placed in exclusive telegram groups that have members with over $1 Million of digital currency investments. The benefit of being in the group is that “we can raise for example, $30 Million in 20 minutes,” announces Kirtz.
https://medium.com/@icoservicesinc/the-man-behind-ico-services-inc-advocates-for-transparency-and-community-building-4e4371e3f558