
Yes, most ICOs were exactly that: wash traded scams. But Tao has been squeaky clean.
Squeaky clean minus the fact that the dev is one of the most widely-known scam artists in crypto.
Frankly its a terrible business model. Nobody's going to buy your dead celebrity coins. But Weiner never planned on it anyway. His goal, as always, was to create the facade of a viable business in order to rake in as much money as possible, then leave his buyers holding the bag as he moves on to his next fleecing. People don't change.