Fake project is really frustrating if you're one of the victim especially for investors and bounty hunters.
I had read an interesting way to make sure the project is real. You can identify the project is fake by it's address of the company who is running IEO/ICO. Fake project would be indentify with this way because they put fake location. You can check it with google maps to verify if it's real.
So how do you indentify if the project is fake?
yes, That's one of a simple way to know the fake project. also they will use plagiarism document and fake team member profile. there are some member here that will warn you about the fake project if you visit the projects ANN discussion. they usually did some research about the project and warn you to avoid the projects if there is something fishy by posting in there.