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Ah, but preorder comes with a locate. They may not have the product, but they know how to get or make it. If you pre-sell merchandise with no idea how to get a
by totalZero 6y ago
Ah, but preorder comes with a locate. They may not have the product, but they know how to get or make it.
If you pre-sell merchandise with no idea how to get a supply of it, and you don't deliver it on time, it would arguably be fraud.
https://www.fbi.gov/scams-and-safety/common-scams-and-crimes/non-delivery-of-merchandise https://www.fbi.gov/scams-and-safety/common-scams-and-crimes...
- floxy 6y agoKickstarter enters the chat
- totalZero 6y ago"The lawsuit claims that the creator, Doug Monahan, didn’t use his raised Indiegogo or Kickstarter funds to develop or deliver the backpack, but instead, he put the cash toward “various personal expenses,” including the purchase of bitcoin, ATM withdrawals, and to pay off credit cards. The agency also claims that backers reached out to Monahan, but he ignored their complaints, shut down the company, and ceased communications." https://www.theverge.com/2019/5/6/18534423/ibackpack-ftc-lawsuit-complaint-indiegogo-kickstarter https://www.theverge.com/2019/5/6/18534423/ibackpack-ftc-law... "what Ferguson called “the first enforcement action in the nation against a crowdfunded project that didn’t follow through on its promise to backers” succeeded this July, netting restitution for the Washington-based donors and slapping Asylum with $31,000 in civil penalties." https://www.seattlemet.com/news-and-city-life/2015/10/washington-state-sued-a-failed-kickstarter-project-and-won https://www.seattlemet.com/news-and-city-life/2015/10/washin...