RIP peachy?

[amoose136]

Rylan, obviously Peachy as a company has suffered a huge, possibly permanently, project ending financial loss. I have a few questions:

• How many beta printers were shipped? It says in the report you spent ~$2.2K on shipping for beta testers but we've only seen a couple or so beta testers posting prints here.
• The update did not mention FCC certifications but would they not be required for the US?
• What about Backerkit? What about Indiegogo? How does that money figure into all this? Why was funding allowed to continue from Backerkit after the problem became apparent?
• Given that you said you weren't going away, what happens next? How do you plan to simultaneously make enough money to at least cover legal fees (and the small amount of debt in the bank accounts) and still operate at least at a minimal level?
• Not including costs of certifications, roughly how much are you missing for shipping and other barriers to delivery?

[kraftman]

don't people who steal loads of money usually get arrested? why hasn't this happened?

[Toasterboy]

Agreed. Rylan, there is an unbelievable amount of support for Peachy. Most kickstarter projects have nowhere near the patience or excitement that our community has had. Can you please make another video for the backers showing the current kit design, current prints, and laying out how much of the missing money would need to be recovered to get back on track? Is the design basically ready to ship in any form? Sounds like you have a lot of the components stockpiled and ready to go... what parts are missing? (e.g. the production run of the main board?)

Sounds like some kind of document was sent to kickstarter backers.... will the same thing be sent out to BackerKit backers and/or Indiegogo?
How involved are the legal authorities?

You can get through this! Wish you would have told the community when you found out though. The legal process to recover the embezzled funds would be pretty far along by now. Did you have any sort of business insurance that covers this sort of thing?

[CescoAiel]

don't people who steal loads of money usually get arrested? why hasn't this happened?

They initially had a repayment agreement, and only fairly recently filed with the police. The police will then first investigate before arresting... Arresting David does not help to generate income and pay back the funds stolen...
Things aren't as easy IRL as they are in TV shows!