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Peachy Printer Funds Embezzled To Build New Home Instead of $100 3D Printer (hackaday.com)

Posted by msmash on from the money-fraud dept.

Reader szczys writes (edited): Peachy Printer made it big on Kickstarter, raising over half a million dollars on the promise to build the first 3D printer and scanner costing $100. The company has now collapsed due to embezzlement (Editor's note: BBC's coverage is better) of those funds. The original investor stole around $350,000 of backer's money and funneled it into a new home. This was discovered about 18 months ago but became public only now as the company is unable to meet their already delayed delivery dates. Peachy Printer has posted a video admitting the screw-up. Sounds familiar?

7 of 139 comments (clear)

  1. Re:Legal Recourse? by frovingslosh · · Score: 4, Funny

    Like the electronic bay of thieves, Kickstarter seems fine with any type of scam as long as they get their cut. They only take token action when there is public pressure. Beware, if you get caught doing this on Kickstarter you may be banned, and will only have many other similar sites that you can run your scams on unless you decide to do so under a different name.

    --
    I'm an American. I love this country and the freedoms that we used to have.
  2. Don't worry by DrXym · · Score: 5, Funny

    Peachy printer backers, don't fret. I'll be launching a Kickstarter soon for a printer which can print an entire house. Back me for $100 and I'll post an approximate sketch of the house. Back me for $500 and I'll send you photocopies of the plans. Back me for $1000 (top tier Rube Level) and I'll send you a postcard from the country it's located in. Act now!

    1. Re:Don't worry by srw · · Score: 3, Funny

      Sweet... My next kickstarter was going to be for a fleet of autonomous drones with eyedroppers and UV lights underneath that could 3d print anything. Maybe we can work together.

  3. Well, at least there was something to show for it by NotDrWho · · Score: 3, Funny

    Most Kickstarters don't even produce a house.

    --
    SJW's don't eliminate discrimination. They just expropriate it for themselves.
  4. Re:Legal Recourse? by Mr+D+from+63 · · Score: 5, Funny

    Look on the bright side. At least this time something was actually built with the money.

  5. Re:Legal Recourse? by Anonymous Coward · · Score: 3, Funny

    Whether a kickstarter contributor has any legal recourse depends on how much of an attorney they're willing to hire to get their $100 back

    Well, see, what you do is, start a kickstarter so all the victimized backers can chip in to hire an attorney......

  6. Re:Legal Recourse? by U2xhc2hkb3QgU3Vja3M · · Score: 3, Funny

    The history of warfare is similarly subdivided, although here the phases are Retribution, Anticipation, and Diplomacy. Thus:
    Retribution: I'm going to kill you because you killed my brother.
    Anticipation: I'm going to kill you because I killed your brother.
    Diplomacy: I'm going to kill my brother and then kill you on the pretext that your brother did it.

    - Douglas Adams