I can barely understand what Cryptosparks is being accused of doing since I don't understand exactly what's being offered in the thread TMAN linked to. That's because of my own tech-ignorance, and I admit that.
I would be happy to merit someone who could explain to me in a dumbed-down fashion what the API key thing is, what kind of bot Cryptosparks is offering (I assume it's a trading bot), and whether it even could be legit. Promising a fixed return like he seems to be doing sets off all sorts of alarms in my head, simply because that's a hallmark of Ponzi schemes. The merit offer is valid to anyone except OP and Cryptosparks just to keep it fair.
Anything that promises a fixed guaranteed return of over 5-10% per year is very likely going to be a scam. Data has taught us this much. The specifics of the service don't really matter if the guaranteed offer is ridiculous IMO.