[mikenon]

Adding to the problem, I think, is Kickstarter's TOS that absolves them of anything a funded project does after receiving funding. As well as not asking project creators to state what will be done with the money in the event the project fails to deliver.

Look at the ZionEyez kickstarter ($343,415 pledged, $55,000 goal, July 31, 2011), for instance. I'm not a backer, and I've only read the comments, but it seems the project isn't going so well. In the comments, backers talk about Kickstarter not being helpful in resolving issues. Backers are talking about class actions, FTC complaints, and small claims courts to resolve their problems.

If ZionEyez is 100% legitimate, and they deliver the product as promised, they've still shown countless others how easy fraud could be.