/biz/ - Business & Finance

>>21790113
The team has 14 members.
German engineers easily get 50k as a starting salary, let's say due to some lead positions they have an average pay of 65k.
According to payroll services this would amount to 78678 usd of costs per year including health care services etc.
That's 1.1M EUR or 1.3M usd/year.
Add office and supplies costs etc and they are probably at a burn rate of 2M USD/year.

So maybe they sell tokens to keep a healthy reserve of company funds?
But nah, its more plausible that Richard and Kyung left (100k+) management positions at Gasang and Vattenfall to scam some internet neets out of what? 8M USD? (doubt its that much) while they run their company for 3 years and burn 6M in operation costs netting them 2M to divide amongst a 14 member team?
Yeah that sounds like mastermind scammers.