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Posts: 388 | Thanked: 1,340 times | Joined on Nov 2007 @ Finland
#4746
Originally Posted by prometheus View Post
In legal term that is called an embezzlement. Using money for something that is not originally intended...
I don't think the requirements for embezzlement come true in this case, in Finnish or USA laws. The terms of Indiegogo say:

Indiegogo is an online crowdfunding venue for people and entities seeking to raise funds for their own Campaigns and to contribute to the Campaigns of others. Campaign Owners can offer gifts or rewards in the form of tangible items or intangible services (collectively, "Perks") to Contributors. Perks are not offered for sale.
Jolla is the owner of that money when Indiegogo paid it to them and they can use it for whatever they want. Because Jolla offered perks they have an obligation to deliver those so there is a contract dispute if they don't deliver, no embezzlement.