My (wild guess) opinion/speculation follows. I can read between the lines too, as many of you probably did also. Kushti is friends with Sasha. Kushti is a Russian who isn't hung up on formalities of laws we have in the West and is primarily interested in developing the code and having enough money to afford better lighting in his dingy apartment (this is a joke for anyone who has seen the Waves Hangout video). I guesstimate that Kushti doesn't have an ethical stance against ICOs and he probably thinks it was all just hunkydory.
Boy I dont' quite know whether you're conscientiously wrote down that shockingly stupid and pretty racist crap or you're just a mindless zombie repeating stereotypes got during Crappy Nonsense Network (CNN) or other media paranoia consumption. Anyway I would like to suggest you to get rid of the brainwashing. I'm pretty sure my advise will be ignored though.
+1
Also requoting myself, because TPTB seemed to accuse Waves again to be an MLM (he clearly doesn't know what MLM stands for, but likes to favour racism in general):
Just because you went to a school, which was populated by african-americans doesn't make you not hate them or not dislike other races. The reason why you took the MLM approach to this "Russian investment" is because MLM and Ponzi games are popular in that geographic area, that's known, but this has nothing to do with an MLM/Ponzi structure, but still you accuse them with this, because the lead dev is Russian? Really?