So I somewhat follow r/Ethereum and I remember seeing a good number of posts about Veritaseum... the general consensus is that it is a scam and has been the target of pump and dump schemes, like many other tokens.

This sure does look like an inside job...surely they reported to whatever Government crime bureau in their jurisdiction? But given the terms of many of these sales, there are literally no repercussions if the "company" decides to just take the money and run. Buyer Beware.

I think if anything, this whole ICO thing, as I've observed, just enlighten me about what we have consumer protection. It's not so the big corps and such won't scam people...they don't need to even try, people will time and time again, fuck themselves over. It's a sad reality. There was even a "Useless Ethereum Token" that did an ICO and raised something like $50k in a matter of days. Maybe the internet likes paying for jokes... regardless, I know countless people are dumping their next months rent on whatever ICO is happening that day with little regard to anything behind it.

Disclaimer: I do believe in the Ethereum platform and am long in it. I also hold FunFair tokens, which I believe to be one of the first platforms that really takes off.