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May 11, 2016 08:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/VX0518BEGhM/peachy-printer-funds-embezzled-to-build-new-home-instead-of-100-3d-printer
Peachy Printer Funds Embezzled To Build New Home Instead of $100 3D Printer
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?Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/VX0518BEGhM/peachy-printer-funds-embezzled-to-build-new-home-instead-of-100-3d-printer
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