FTC sanctions after a crowdfunding project missed goal


Game publisher Erik Chevalier raised $112,000, three times his request to obtain for developing a board game, but never finished it. Instead, he used the money for his own needs. Finally he cancelled the project offering a deceptive motivation. “Every possible mistake was made, some due to my inexperience in board game publishing, others due to ego conflicts, legal issues and technical complications. My hope now is to eventually refund everyone fully, “he said. Because he proved to the agency that he doesn’t have the money, the fine has been suspended. The game developer Cryptozoic Entertainment has picked up the project and is trying to fund it without using a crowdfunding site. This case opened a subject of investigation for FTC, assuming that in many other situations the crowdfunding goals are not achieved.


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