The Federal Trade Commission has taken its first-ever action over a crowdfunding project , finding that its creator used “deceptive tactics” by raising more than $122,000 to create a board game—and then spending the money on things like rent, moving to Oregon, and personal equipment. Erik Chevalier, who has settled the case, raised the money from 1,246 backers. He promised he would produce a board game called The Doom That Came to Atlantic City, and the campaign came to a successful conclusion on June 6, 2012. According to the complaint (PDF), 85 percent of the backers had pledged $75 or more, the level required to get the pewter miniatures promised backers of the project. He blew the original deadline of November 2012. Sporadic updates, still available on the project’s Kickstarter page , were published between June 2012 and June 2013 explaining the delays and promised that the game was still in production. On July 23, 2013, Chevalier canceled the project . "After paying to form the company, for the miniature statues, moving back to Portland, getting software licenses and hiring artists to do things like rule book design and art conforming[,] the money was approaching a point of no return,” he explained. The post continued: Suffice to say that… Read full this story
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