The team spent investors ' money in vain and now the project turned out to be fraudulent, deceived many people who believed in it. I hope that the perpetrators will be punished.
Did you check the latest AMA
https://www.reddit.com/r/Nimiq/comments/aeld86/team_nimiq_ama/ and the financial transparency report mid 2018
https://medium.com/nimiq-network/transparency-report-74d4d89933fe ?
The numbers presented to the public are consistent and they still should have more than 9 Mio. USD worth of assets (even though assets lost value due to bear market). If they had just left the investors funds (60k ETH), they would have less than 9 Mio USD now, so I don't think we can complain about how they used the funds (they most likely could have done better, but that's not the point). Also it seems that they run as a non-profit foundation in Switzerland ("Nimiq Stiftung", registered in Zug), so any kind of money wasting would probably cause punishment through Swiss authorities.
I think the team should definitely improve on communication, transparency and marketing. The former two mostly to reduce the FUD, marketing to boost the price. If the backing foundation still has more 9 Mio. USD of assets, it's complete nonsense that the market cap of NIM is less than that very same amount.