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.
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