Who is responsible for fraud projects. doesn't that cause a lot of losses and what punishment is worth.
I believe the ways in which some of these ICO CEOs or developers can be punished, is if they are found in jurisdictions were the rights of investors and citizens are being protected, such developer can be summoned to answer to some questions and investors are ensured to be in safe hands.
Although, for now, pending that time that regulations will be made compulsory, investors can only protect themselves.