Result was to let it continue as it is because they were not paying anyone any bitcoin but using the NOTES.
Now that you mention it: Do signature campaigns that pay in "IOUs" even belong on the Services board? Or should they be moved to the Altcoin board?
[1.] They had plan from the beginning to scam at some point.
I think they were hoping to make big profits, and if something is profitable, there's no need to scam. We've seen it with casinos too: fake it, then either make it, or break it and walk away.
But it's now pointless. The signature campaign is dead until we have a miracle and it become active again. In that case reporting the thread and letting it mods to decide is the best.