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August 17, 2019 05:34 pm

'Futurefon' Crowdfunded on Indiegogo Was Part Of a Multimillion-dollar Scam

"The crowdfunded phone of the future was a multimillion-dollar scam," reports the Verge:In 2014, Jeffrey Tschiltsch opened an email from Indiegogo and saw the future of computing. The email showed something called the "Dragonfly Futurefon," a kind of computer-phone hybrid. The Futurefon's page showed a sleek, palm-sized touchscreen that slotted into a laptop dock, then folded flat and flipped open again, revealing a second screen and a full-sized laptop keyboard. It could run both Windows and Android, and its creator, a startup called IdealFuture, promised to replace your phone, laptop, and tablet at an incredible price of $799. Dubious but intrigued, Tschiltsch put down a $200 deposit. Five years later, Tschiltsch still wouldn't have a Futurefon. Instead, he'd be sitting in an Illinois courthouse testifying at the behest of the FBI, which claimed the device was the last step in a decade-long fraud operation that cost victims nearly $6 million. "I always thought it was ambitious," Tschiltsch says now. "It didn't occur to me that the guy had just taken the money." Tschiltsch is just one of many angry Indiegogo backers who say Futurefon creator Jeff Batio strung them along with lies, excuses, and faked product updates. But the backers aren't just angry with Batio. They're frustrated by how easily a scammer could flourish in the high-risk world of gadget crowdfunding -- and how poorly Indiegogo was equipped to deal with it. The Futurefon raised hundreds of thousands of dollars, the article reports, adding that Batio also apparently raised $5 million for another dual-screen project. Unfortunately, investors later found out that Batio "had been indicted on fraud charges that spanned 13 years..." Nobody ever got a Futurefon, and "A jury convicted Batio of 12 mail and wire fraud counts, each carrying a maximum sentence of 20 years in prison."

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