No, the funds from the first ICO, which I developed, have been refunded and that works perfectly. The problem is in the fact that the owner made a second "ICO" without the rest of the team which was just a regular Ethereum address to which people sent money. That money is not getting refunded.
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Oh, okay. Thanks for clarifying.
Believe it or not, that's still progress from 2014. It was so usual for scammers/failures to just vanish with the crypto, I was actually shocked when the promoter of a failed ICO refunded me my 0.5 BTC.
That's the advantage of smart contracts. We wouldn't have built the original ICO if they said "no refunds". Building it into the ICO was a condition we had to proceed with the thing. Luckily that turned out to be a very good decision. Live and learn...