There was a time when ICOs post their actual money raised together with their contract address while the ICO is going on. Sooner, the amount raised is already faked and the contract address is not anymore shown to the public.
This is the same shady practice that was imitated by almost all succeeding projects possibly including ROMAD. I hope I'm wrong. But even so, the team should be transparent about financial accounting.
ICO had many disadvantages. One of such disadvantage is that nobody guarantee a listing after the end of ICO. That is why now IEO on the different exchanges are popular. On some exchanges there is statistics of raised funds.
Now IEO has become much more attractive than ICO. Investors who participate in IEO are at least sure that the coin will be traded on the exchange and they can sell it at any time!