FTC orders Kickstarter user to repay $122K

June 12, 2015 5:24 AM

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FTC orders Kickstarter user to repay $122K

After settling a lawsuit from the Federal Trade Commission, an entrepreneur must pay a $112,000 fine for allegedly deceiving Kickstarter investors.

The FTC filed its first-ever complaint about crowdfunding in federal court Wednesday against game publisher Erik Chevalier after he canceled his Kickstarter campaign and failed to make good on promises to return backers' money.

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