What ? fraud? What do you mean this project? how do you know about that? If indeed this is a scam then people who invest in this project will incur losses. this is bad news But I still need more proof for that
NEWBIE registered 3 days ago asking 100 eth for worthless token , Is this make any sense to you

Also check ethereum green thread then make your own conclusion.
If you think its worthless token or a scam then don't invest... We are about to make deal with mercatox, coinexchange and few more exchanges very soon...