from Hacker News

US regulators nab Kickstarter cheat

by morpheous on 6/15/15, 3:26 PM with 4 comments

  • by bdcravens on 6/15/15, 4:29 PM

    "The settlement bars Mr Chevalier from misrepresenting any crowdfunding campaign he is involved with and from withholding refunds. It also imposes a repayment order of $111,793.71 that has been suspended because Mr Chevalier does not have enough money to repay it."

    So basically, no punishment whatsoever. (I doubt there's any pending criminal charges)

  • by baldfat on 6/15/15, 4:06 PM

    > At the time he also pledged to refund backers

    If that wasn't said he would have been free as a bird.

  • by sctb on 6/15/15, 4:25 PM