"The settlement bars Mr Chevalier from misrepresenting any crowdfunding campaign he is involved with and from withholding refunds. It also imposes a repayment order of $111,793.71 that has been suspended because Mr Chevalier does not have enough money to repay it."
So basically, no punishment whatsoever. (I doubt there's any pending criminal charges)
Comments
"The settlement bars Mr Chevalier from misrepresenting any crowdfunding campaign he is involved with and from withholding refunds. It also imposes a repayment order of $111,793.71 that has been suspended because Mr Chevalier does not have enough money to repay it."
So basically, no punishment whatsoever. (I doubt there's any pending criminal charges)
If that wasn't said he would have been free as a bird.
Not nesc. if you fail to deliver and fail to spend money on developing the product, you'd still likely be screwed.
However, if he spent $85k on himself [salary+expenses which were essentially just his money] and $35k on development, he'd have been fine.
https://news.ycombinator.com/item?id=9699721