So is this a scam?
Absolutely yes it is a major scam.
The Monaco CEO was running a company called "Ensogo" as its CEO a couple of years ago, it went bankrupt and was under investigation by police for fraud in many countries.
That's certainly disconcerting. However, a bankruptcy in itself doesn't really mean anything. Vast majority of all the companies that Donald Trump ever started ended up in bankruptcy. A risk of failure (including the bankruptcy) is an inherent part of any business, it's even explicitly stated in the business legislation of any normal country. Being
investigated by the Police in itself doesn't really mean anything either. Anybody can file a criminal complaint against anyone/anything, the complaint can even be entirely anonymous, and the Police is legally obliged to
investigate it. So anybody can anytime be investigated for anything. If you recognize the Police then you must recognize the whole legal system in general and one of the basic legal principles is the presumption of innocence so you must recognize that, too. If there was any conviction verdict by an independent criminal court in any matter related to MCO that would be a wholly different situation, though.
That being said, information in this thread are disconcerting and the way MCO is (not) dealing with them is disconcerting, too.
Well failed CEO Kris Marszalek and his Monaco "team" were investigated for fraud. A quick seach using "Ensogo Kris Marszalek" will show up everything.
The fact he is associated with Monaco and now he has mismanaged this project by diverting and diversifying by paying millions from the ICO funds to buy crypto.com domain and the new CRO tokens and phone apps and all sorts of nonsense shows failed CEO Kris Marszalek and his Monaco "team" are a liability. Nothing short of scam that they will keep 15 million out of 31 million tokens for themselves as payment for creating this Monaco VISA card failure.