/sigh @ how many times supposedly intelligent people have thrown around the term 'scam' in this thread - get over yourselves.
Criticize the design to your hearts content, healthy debate is fine but don't go after a guy who has simply solicited investment for an idea - his personal identity is well known (I understand some of you have met him) and he has done nothing to warrant calling scam.
I wonder how economic development would have progressed historically if everyone thought onboarding investors was such a tangible evil.