Fraud requires planning...it is the least of my concernsI don't know the people behind this but believe they've made many contributions to trail building and advocacy both paid and unpaid.
I don't think this is some elaborate fraud to take mountain bikers money.
I think the launch and subsequent publicity hasn't been handled really well. Talking about a chairlift and uci level events seems to be putting the cart before the horse. Maybe just get some trails up and running and build on that. Most people, myself included love their trails and the "froth" would build from there.
Of course all this is my opinion, a bystander who hasn't and isn't having a crack. They are and for that full respect.