FTC orders Kickstarter user to repay $122K

June 12, 2015 5:24 AM

52 0

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.

Also watch: Le'Veon Bell: 'My goons' have my back after dirty play by Giants linebacker

Read more

To category page