In case anyone is wondering, both the OP and Phoenix1969 are clearly purchased accounts, with Phoenix1969 being purchased less then a week prior to this thread opening. I would say there is a decent chance that the OP and Phoenix1969 are actually the same person, and based on that "Frank" and "Jigar" probably don't exist either.

It also looks like some of the deposits are being funneled to various exchanges that you do not need to share your identity with in order to deposit and withdraw, and as a result I suspect that some of the BTC is either recycled or otherwise belongs to the person behind this project.

There also appears to be a decent number of sockpuppets in this thread. I suspect that siameze, b0art, SeriousInvestor, RollingSeriously, EXmoneypotER  and starswper are sockpuppets for this project. I suspect a few others as well, but the evidence is not quite as clear.

If someone were to ask me, then I would say that the chances of this project ending in a scam is somewhere in the 95% range