maybe people who say fraud is the one who feels the loss in this project, but some people say this is a very good project, so in my opinion this is a form of disappointment for the person who is disadvantaged from this project ... sorry if I'm wrong ...
It would be a decent project but it's spearheaded by an inexperienced yet egocentric team. Richard Ells has little credibility even outside of blockchain, and none within. It's probably not an intentional scam, but the way it's being pumped today, it has real Ponzi-like qualities.
Their wallet service - users doesn't have access to their private keys.
This gives them absolute freedom over user funds.
When their total holdings fall short of total user balances - they just start blocking accounts.
Or just block the unbanked with no IDs sending their coins from the wallet service.
And this is just the surface. Imagine what they can be doing in the background.
If you follow John McAfee, he will explain you how global cartel powers taking over coins, exchanges, etc..
Probably this coin is part of the game too at the cost of ordinary people.