Overview of the allegations:

Allegations suggested that 4New’s project and inception is one of the most deceptive and deceitful of the 2017 season. It is alleged their ICO was actioned while sitting on a foundation of lies and misdirection, nothing from their exuberant proposals has been made a reality, and the 42m USD they collected in funding has disappeared, along with numerous members of staff, reports indicated.
Investors suggested that almost every aspect of their whitepaper and promises has been revealed as a lie, with red flags scattered wildly throughout this entire project, from start to finish. To-date, their token bears a -99.85% ROI, their ‘waste-to-energy cryptofarm’ project is in tatters, and the founders are nowhere to be seen, reports indicated.