Ok just a little recap on the EOS fraud
1. there is no EOS platform as of yet, we are talking about a
fork of BitShares. again: there is no functional platform whatsoever as of yet. In other words: a mere promise is being sold
Isn't that many ICOs? Doesn't mean it's a scam per se.
2. 1 year long ICO to collect a significant percentage of the entire ETH supply. Nobody would ever need this much money to create the platform. Astronomically more money is being raised than would ever be required. First day (of 350 more days) only:
$181,295,950 (ico address
here, also note the ETH that has already been moved out)
Isn't the reason ostensibly to avoid the craze that happens when a popular ICO has a more limited time frame.
Obviously the underlying reason is to just bring in more $. That much seems clear. And doubtful they should be bringing in a billion dollars for an idea. But I don't think it's as insidious as all that; merely foolhardy.