Jasin has taken many people's money and has failed to deliver any sort of product.

Jasin has made excuse after excuse on why a product has not been delivered. These excuses were always obscure and meaningless. There were even a few that was just plain unbelievable.

Example of such an excuse: not providing the name of the foundry for people to verify because the company does not like crypto-currency mining and he would be taken out of the queue if the foundry found out. This does not make sense on so many levels. Why would a foundry care about the use of an ASIC as long as they're not violating export regulations? Even if the foundry did, why would one take such an unnecessary risk? There are contract terms that can protect you from a foundry deciding to pull you out of queue on the fly; are there not these sort of terms in the initial contract agreement? If not, then why?

Now in the past couple weeks, another promised deadline was missed and not one single word from Jasin. He, at this point, has all but disappeared with people's money.

These are much more than allegations. The poster of this thread has linked a forum post that spans 600+ pages, of which at least the past 100+ pages are filled with people who have had their money taken from them. There are even a number of lawsuits being filed.