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Comment by kjrose | Hacker News Reader

I have a feeling this may be a crossed wires problem where someone spent the money raised before they sent it because of bad accounting or whatever.

Regardless, if the statement “we received none of the money” is true. There is definitely something bad going on here.

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If it's been 7 months, that should be plenty of time to replace the money. If the money was too much to replace in that period of time, I'm not sure how I can believe it was of an amount that could be accidentally spent in this way.

If I had an extra $1,000 in my account, I might accidentally spend it, but I could replace it eventually. If I had an extra $50,000 in my account, that would be much harder to replace, but I'm not sure how I could with a straight face say I spent it accidentally.

Looks like replacing the money isn't the issue, it's whether or not D-Cal have screwed over the agency. Over half of the KS pledges were made fraudulently by D-Cal themselves, meaning the money doesn't actually exist and their campaign was a failure. This puts the agency on the hook for any and all refunds if the people who actually put their money into pledges ask for a refund (the agency account is tied to the campaign now). D-Cal have apparently not come up with a proper solution to repay the money if this happens, so Woodshed are not happy about releasing the funds until this is resolved (on their accountants advice). I'd suggest that all D-Cal have to do is finish setting up an account that can be used on KS and the account could be switched and funds deposited. Either that or put enough cash to cover the agencies costs into some sort of escrow.

(https://medium.com/@jeff_52578/how-a-failed-kickstarter-camp...)

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