The danger I think is not that ECN is a scam or fraud. It's too high-profile and the actors too well-known. Will they run off to Russia?

Where are they going to hide?
The problem is they bungled the launch. This is VERY bad. Eventually someone will decide it's a scam and go to a judge asking for a warrant. They'll get it. Ells will get perp-walked on international news. He will have his pic on Drudge in handcuffs. Then ECN will tank to .0000000001 BCN. THAT is the danger.
If they can get the wallets on line VERY SOON, *maybe* ECN has a future. But any hope of seeing a stable $1/coin by week 1 died on Nov. 1 when they launched a leaking ship.
They need to plug the holes... FAST. Yesterday would be better. Or else the ship'll sink.
I had invested with them and i think they are not scam. So far so good but there has been some delays at the moment wishing they could fix it soon.