I promise to build you a spaceship and start a colony on Mars.
I collect your money, and even buy some plywood and 2x4s at Home Depot.
Time passes.
More time passes. Interplanetary travel takes time.
I'm "paving the way" "disruptive technology" etc., etc.
After my earnest attempt at backyard rocketry, you learn that your money's all gone.
This didn't start out as a scam, kthxbi.
I don't think their plans were that outlandish. I think everything that was in their plans was feasible and is still feasible. Except maybe the pegged accounts, but even that could at least have worked for a while. As far as I can tell they never even got round to, you know, implementing their products. Was there ever a demo of their POS solution? I vaguely recall there was, but I'm not sure.
Outlandishness of a colony on Mars is not my point, rather "do we need to colonize Mars" and "is NotLambchop qualified to do it."