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IIRC, refund was mentioned but absolutely no mechanism (legal nor financial) was in place to ensure it happened, relying on the failing company's obligations to
by ctdonath 11y ago
IIRC, refund was mentioned but absolutely no mechanism (legal nor financial) was in place to ensure it happened, relying on the failing company's obligations to suffice. That doesn't work too well when the whole point is the one entity tasked with performing the refunds doesn't have any money (anymore) or means to do so.
I'm wondering myself, having payed into a project which keeps promising "almost there" and nearly a year late shows little more than a video of a lame prototype unlike what most backers expect. Trying to stay optimistic, but resigned to it falling thru - and there being no money remaining to refund.
- codingdave 11y agoI think this article shows exactly the mechanism to enforce it - you sue for breach of contract. Now, for most people, getting their 20 bucks back is not worth the trouble and costs of a lawsuit. Which is exactly why the suit in this case was carried out at a higher level, taking advantage of the fact that the guy running the project as well as some backers lived in the same jurisdiction.