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Wednesday, May 11, 2016

Kickstarter can be risky at times...

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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