Another term that was very cleary broken was that Lauda, Blazed and Minerjones would keep the bitcoin at a specific address, however the bitcoin was moved out of the escrow address very early on.
-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA256
Hello.
I am one of the escrows for the NVO-ICO. The 2-of-3 multi-signature address for this project will be:
3AiGej11G8jUXvEBPvQKPLiHXC7ruUCp1Z
Lauda,
17/05/2017
-----BEGIN PGP SIGNATURE-----
Version: GnuPG v2
iQEcBAEBCAAGBQJZHJdIAAoJEPTjrTxS+ZrbuQcH/ia4aFdQQe9+p6EnuuYed7gY
eubk16Pkzx21l8JcljJYadIDYW51TI76IukSFwYmoLfG3HoRTexwD02ZYa0bA4oO
cm4kaikbf3U9CU32uJ6jklthpc8HbrLs2H+BJMrcA/1dofQKhXntDHUqPQFuTqlR
JitQ3uzLlJ1OFyiRXOpO5kvSD1lGLUS2rXugULZrXZExT0xcA39j+du9QfdC/26N
lFl9y/HA+XSRgf618dSPmxpv6JtORtERvS4kklZvVFIjIxuNy/+kwE2t1qO1Xz1Q
x2UBkbGATrw3MYPbck5TLdcbLNOdX3321r2K8YY7K2CKNCe4zbP0td+gKTPQLEc=
=n++w
-----END PGP SIGNATURE-----
Agreed. Any movement of funds should have been publicly explained and new messages signed. It is very clear there was wrongdoing here.
They never even acknowledged where the bitcoin was being held. Also, based upon the speee at which transactions were broadcast out of escrow, I think there is a good chance that one person was in effect control of the coins when the three signed messages clearly implied each escrow agent would control one of three keys to the address that requires two signatures.
Multiple people involved in the deal were demanding transparency however the escrow agents were promptly ignoring such demands. Just look at the responses from monerjones and Blazed. All of the responses by lauda were essentially non-answers.