That's purely an accusation to hear, because we haven't yet witnessed how IEO works right now. So don't judge until there is really a proof of the current situation. We shoul be more observant to the actual outcome and don't ever speculate negatively until there's definite judgement over it.
In fact, only 20% of IEO projects can help investors to make big profits and IEO investment is less risky than ICO investment so I believe that IEO is still an investment trend that people want in this market. Personally, I still prefer to invest in IEO because it makes it easier for me to earn double profit in a short time and if lucky, making a profit x5 easy if the IEO is listed at big exchange.