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A Swede who created a $400K Indiegogo-scam

breakit.se

21–30 of 83 posts

Re: A Swede who created a $400K Indiegogo-scam

#21
SSE Student? One of the two SSE-programs is arguably the hardest program to get into in Sweden. Sometimes the Karolinska medical school has a higher entry requirement.

Graduating from there usually means you are set and don't need to scam anyone for a _very_ comfortable life.

Re: A Swede who created a $400K Indiegogo-scam

#22
post #21

SSE Student? One of the two SSE-programs is arguably the hardest program to get into in Sweden. Sometimes the Karolinska medical school has a higher entry requirement. Graduating from there usually means you are set and don't need to scam anyone for a _very_ comfortable life.

Sometimes people don’t steal because they need to, but because they want to. It’s a puzzle, it’s a rush, it’s fun, and for some it’s their hobby.

Re: A Swede who created a $400K Indiegogo-scam

#23

Waiting to pay for a product until it actually exists won't kill you.

It will, metaphorically, if a lack of funding will kill the product (or prevent it from ever being made). Crowdfunding is a financing option, complete with the part where the financiers are exposed to risk.

You're entirely correct. I have not, however, seen anything so critical that the world would suffer if it did not come to fruition. We're no worse off if that smart water bottle never gets made. The environment might even be better for it.

Re: A Swede who created a $400K Indiegogo-scam

#24

> and raised in total $800.000 million from approximately 5,000 backers from around the world. I assume this is a typo? Or did a blanket raise almost a billion dollars?

They issued a correction:

>Update: A previous version of this article said the Zen blanket raised $1,2 millions, the amount they did raise was $800.000.

Re: A Swede who created a $400K Indiegogo-scam

#25

> and raised in total $800.000 million from approximately 5,000 backers from around the world. I assume this is a typo? Or did a blanket raise almost a billion dollars?

I get a lot of ads on Instagram to products that lead you to Kickstarter/Indiegogo sites.. and they seem to always have 6-digit dollar amounts in backing. What I've read is, that's also fake, like asking your friend to bid on your auction on eBay, they just make a second account, pretend to back the product, and poof, "See, it's a popular product!". Do the platforms get a percentage from each backing? If so, we can s…

Yes. Not sure about IGG but KS takes a 5% cut on funds raised.

Re: A Swede who created a $400K Indiegogo-scam

#26

Earlier quoted context omitted.

The ones I hear talking about their sponsoring, is that they know full well. I hear phrasing such as "shooting some money their way in case they succeed" and "it's an interesting project, let's hope for the best".

It's pretty damn stupid, know it or not.

Why? It’s effectively a patronage; a model which has been used to bankroll artists, pet projects, and a number of risky ideas throughout history.

Re: A Swede who created a $400K Indiegogo-scam

#27
post #12

Earlier quoted context omitted.

-Norwegian here - the Scandinavian countries in general have _very_ strong laws protecting the privacy of all citizens. A consequence of this is that defendants in criminal cases are very rarely named by the media until convicted, if even then.

In Sweden, this is not a consequence of any law, but by common journalistic practices. Media are protected by constitutional writings that extend very far in terms of the sender's rights to publish. However, Swedish media also has a long tradition of keeping themselves to de facto standards when it comes to things such as identifying individuals. It would have been _very_ weird to see this person named on Breakit.

Especially since no real link has been made between both companies and the student. You can't even affirm that the IGG campaign was indeed a scam or just an utter failure.

Re: A Swede who created a $400K Indiegogo-scam

#28
post #21

SSE Student? One of the two SSE-programs is arguably the hardest program to get into in Sweden. Sometimes the Karolinska medical school has a higher entry requirement. Graduating from there usually means you are set and don't need to scam anyone for a _very_ comfortable life.

Maybe he cheated to get in?

Re: A Swede who created a $400K Indiegogo-scam

#29

Earlier quoted context omitted.

The ones I hear talking about their sponsoring, is that they know full well. I hear phrasing such as "shooting some money their way in case they succeed" and "it's an interesting project, let's hope for the best".

It's pretty damn stupid, know it or not.

There is often very little risk... a small amount of disposable income to potentially get an interesting niche product. It is not meant to be a "smart" money decision. Not sure where you are getting that idea from...

Re: A Swede who created a $400K Indiegogo-scam

#30
post #9

> and raised in total $800.000 million from approximately 5,000 backers from around the world. I assume this is a typo? Or did a blanket raise almost a billion dollars?

https://www.kickstarter.com/projects/322231573/zen-blanket-t... ==> SEK 4,149,969 or $460,4330 USD https://www.indiegogo.com/projects/zen-blanket-the-blanket-f... ==>$806,268 so in total $1,266,728

You might have a typo: 460,4330?
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