Washington VS. Altius Management
Posted: Fri May 02, 2014 6:34 pm
Kickstarter does not have anything to do with assuring the reliability and feasibility of projects on their website, but they do make it clear that if a project is fully funded, the creator is legally required to deliver all products promised or provide backers with a refund. However, sometimes things do not go as planned, and backers need to be careful about which projects they decide to support.
Their product was a playing card game called Asylum. The campaign surpassed its goal by over $10,000 in October 2012, and the company was supposed to start delivering the products in December 2012. None of the items have been shipped, and it has been almost a year since Ed Nash has been in contact with his backers. Not only is this a crime and a shame for the over 800 backers who are understandably frustrated - but also for those projects who will miss out on funding because the public sees stories like these on the news and may become weary of being scammed.
What do you guys think? Should more be done to ensure the reliability of the people who request funding for projects on Kickstarter?
Source: http://www.geekwire.com/2014/attorney-general-asylum-playing-cards-crowdfunded-project/
In what is the first consumer protection lawsuit involving crowdfunding, Washington State Attorney General Bob Ferguson today filed a suit against Ed Nash and his Nashville, Tenn.-based company, Altius Management.
Their product was a playing card game called Asylum. The campaign surpassed its goal by over $10,000 in October 2012, and the company was supposed to start delivering the products in December 2012. None of the items have been shipped, and it has been almost a year since Ed Nash has been in contact with his backers. Not only is this a crime and a shame for the over 800 backers who are understandably frustrated - but also for those projects who will miss out on funding because the public sees stories like these on the news and may become weary of being scammed.
What do you guys think? Should more be done to ensure the reliability of the people who request funding for projects on Kickstarter?
Source: http://www.geekwire.com/2014/attorney-general-asylum-playing-cards-crowdfunded-project/