There was rumours that the getgemz app was getting huge mobile app downloads, it seems it was completely faked however.
Yeah makes you wonder. I mean essentially the investors paid 1.6 million dollars for ....well ..not much.
Seems that funding was diverted off to his own private project. I'm hoping that becomes a large success so there is a big incentive for legal measures to be taken against them.
Another reason ALL ico funds should be held by escrows and released to them gradually as milestones are reached.