(Photo: Kickstarter)

Three Years Later, Kickstarter Scammers Still Holding Onto $1M Without Care From FTC

About two years and 10 months ago, more than 7,500 ecstatic backers poured $1 million into a Kickstarter for an ultra sleek watch called CST-01 that would be the thinnest ever made. It seemed the creators, Jerry Vondle and David O’Leary of new company Central Standard Timing, were set for success—they raised more than five times their campaign goal and apparently had little work to do to bring their fully functional prototype to life.

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