28 Jul '13, 4am

'Fake' Pirate3D campaign raising money on Indiegogo

'Fake' Pirate3D campaign raising money on Indiegogo

‘Fake’ Pirate3D campaign raising money on Indiegogo July 28, 2013 by Terence LEE Burclader, anyone? A Pirate3D campaign has launched on crowdfunding platform Indiegogo, but the company says it is fake. Pirate3D is a Singapore company that successfully raised USD 1.43M on Kickstarter for its Buccaneer printer. Aside from a name change — the copy 3d printer is called Burclader — the campaign is identitical to the Kickstarter version. It is started by one ‘Nick Colleranos’, supposedly from Canada. He claims that the company has an admin and marketing office in Toronto. A search online, however, showed nobody with that name who is connected to Pirate3D. Pirate 3D has put up a notice on Facebook decrying the campaign as an impersonation: While crowdfunding has opened up new fundraising vistas for startups, it is also exposed to scammers out to make a quick buck. Several fake ca...

Full article: http://sgentrepreneurs.com/2013/07/28/pirate3d-campaign-r...

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