I hope they can still get caught by the authorities since they've already shown their faces. I mean, if that person is a scammer, the government must be doing something about it. Just because it is cryptocurrency-related stuff, you can't do arrest to these people. They ruin the crypto space to a high degree.
You also need to provide more of evidence before you can file a case against the scammer , mostly before you will catch them scammer delete all those evidence that you can have even video they upload . 
Topic: Teams showing real faces to public can still scam you - page 5. (Read 1105 times)
of course not, I have participated in a project like you said, they did it very well like nothing happened, but after collecting funds when their ICO suddenly disappeared there was no news.
that's why it's so difficult to distinguish between a scam and a legit one.
that's why it's so difficult to distinguish between a scam and a legit one.
And here we are having people who are comparing real life fiat criminals to crypto criminals, real life criminals still hide from the law and court, avoid coming out to the public because they will surely get caught, its not the same with crypto
Every investment is a high risk and unfortunately now we can't fully avoid scammers. Neither in crypto market or in real life. Scammers are everywhere. And if team shows its faces it doesn't mean you can trust them, they can abandon the project anytime they want.
they can manipulate their personal data, and also sometimes their projects fail to be developed so they will leave. because even if the team dares to give their data transparently but it will not guarantee the authenticity of the project and also the benefits therein 
Seems like this.
Even though some projects are dead not by scam,but I'd say many projects failed due to team give up.
https://en.cryptonomist.ch/2019/01/13/reasons-failures-blockchain-projects/
there already reports talked about the reasons about projects failures.
Even though some projects are dead not by scam,but I'd say many projects failed due to team give up.
https://en.cryptonomist.ch/2019/01/13/reasons-failures-blockchain-projects/
there already reports talked about the reasons about projects failures.
Every investment is a high risk and unfortunately now we can't fully avoid scammers. Neither in crypto market or in real life. Scammers are everywhere. And if team shows its faces it doesn't mean you can trust them, they can abandon the project anytime they want.
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
It has become normal to encounter such situations. It is the same as stealing someone's money in real life. Sometimes there is a mask on your face and nobody sees you, sometimes you have nothing to fear and do not even wear a mask. So some situations like this cause inevitable loss, and you can not know what to believe. Experience may be your only assistant but there is little possibility of it being useful. Bitconnect did the same thing and miracle tele joined too
I hope they can still get caught by the authorities since they've already shown their faces. I mean, if that person is a scammer, the government must be doing something about it. Just because it is cryptocurrency-related stuff, you can't do arrest to these people. They ruin the crypto space to a high degree.
Showing pictures and attending cryptocurrency seminars has been a strategy that really worked for a lot of projects that turned out to be scam. ProFish is an example of such projects.
It's easy as to photoshop a stock image of a random person, and put it on a site as if this is your team.
And we've seen a ton of instances where unscrupulous teams who know that they have no qualifications whatsoever put on these stock images onto their team page go bust. Just because there is a team doesn't necessarily mean that the project is somehow more legit.
And even if the photos are not photoshopped, what extra do you gain by having a team that you have never heard of or met in your life? Does it add to your legal recourse? No.
And we've seen a ton of instances where unscrupulous teams who know that they have no qualifications whatsoever put on these stock images onto their team page go bust. Just because there is a team doesn't necessarily mean that the project is somehow more legit.
And even if the photos are not photoshopped, what extra do you gain by having a team that you have never heard of or met in your life? Does it add to your legal recourse? No.
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.
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.
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.
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
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.
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
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.
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
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
Scammers are not afraid of anything in last times, so faces is not a garauntee of anything
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.
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.
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.
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