It really is hard to believe that there are some ICOs who are intended to scam people. There are all hypocrits and rely on the weakness of people especially those who are new to bitcoin. So sad.
How is that hard to believe? This is a largely unregulated space where anonymity is easy and people can get away with stuff. Of course fraud is going to run rampant. That's why you have to do extra due diligence
Its been there since the start of time, Scammers will do everything on their power to scam people who looks like prey to them and it pretty much affected the current ICO industry. The unregulated space of the cryptocurrency and no commission who govern it makes it pretty easy for those scammer to do whatever they want.
You are in a space where making money is the dominate trait. It's dog-eats-dog here and it will not change. Regulations in major countries will help, but there aren't physical goods being distributed here, all it takes is your computer and a little bit of effort and you can create the appearance of "the next best thing." Governments can't do shit about that, unless they are actively hunting down that or those specific individuals by tracing payments through w/e blockchain. As you can imagine, that requires a lot of resources and effort.
The best thing a government can do, is ban crypto entirely. But that won't occur, because of the implications of falling behind on Blockchain tech will cause billions in losses years and decades from now. The 5% of coins that are legitimate and noteworthy, will ultimately re-shape all our lives.