The FTC is investigating cloud-funding campaigns that have disappeared at over $ 700,000

The FTC is investigating cloud-funding campaigns that have disappeared at over $ 700,000

The Federal Trade Commission can give new attention to justice for participating funding providers. I saw an email Hatsuko It shows that the agency is investigating at least one wrong cloud funding camp called iBackPack which raised more than $ 700,000 to Indigogo and kickstarter.

Doug Monahan, the creator of the backpack, sells this device as a battery-powered Wi-Fi backpack. This backpack promotes moving gadgets and provides local owner's friends with local hotspots. It was released in Indigo of 2022 and kick starter of 2022. Some sponsors have received "Beta" accessories such as batteries and cables, but they are not yet sold after years. Monahan's past two campaigns did not reach the goal of financing, but eventually it was used to sell iBackPack.

These sponsors say Hatsuko We announced that FTC distributors began to contact them this week to search for campaigns. E-mails all say the same thing:

"my name is I am at the Federal Trade Commission, Consumer Protection Bureau. Our office has received numerous consumer complaints that they have never received the iBackpack they ordered. We are contacting the Cloud Funding platform, which was offering products to get backer lists, the way it got your email address. I just wanted to know if you already have a backpack I would like to take measures to prevent further cheating on the Cloud Funding platform and I would be pleased if you let me know. Thank you in advance. If you have any questions, please please …

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The FTC is investigating cloud-funding campaigns that have disappeared at over $ 700,000

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