[rickmb]

I think you'll find the "walk away" part is not that simple, considering the fact that it would constitute a crime. The kind of crime law enforcement is quite familiar with and that leaves plenty of traceable evidence because it involves financial transactions.

I'm sure there will someday be someone clever enough to get away with it, but most people are likely to get caught very quickly.

[jonny_eh]

While I agree it would be a crime, how hard would it be to enforce? Can't the perps just claim some lame excuse for why they didn't execute on their stated plan?

[lotu]

A lame excuse isn't going to hold up in court. Imagine you raised $100K to make some cool gizmo but instead buy your self a sports car, the fact that you never had any intent to even try to make the product is going to be really obvious. If you actually spent enough of the money raised on the project to convive a judge that you weren't running a scam, then you not going to have enough left over to really be considered a scam.

[lifeisstillgood]

That rather depends on who you pay and how convincing their invoices look.

20 folks on here could create a convincing Eco system of sub contractors and out sourcers - spend 20k on equipment and rest on salaries, you can spend most of yourdays on the yc startup subsidised by the game income

or is that sounding like actual work?