The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

3- Kobe Red

Funds Raised (US$): 120,309

Project creator: Magnus Fun Inc
No. of donors: 3,252
Deadline:  June 13, 2013

Ever wanted a beef jerky made out of pure Japanese Kobe Beef? Well this company had that amazing idea. It wasn’t until some people making a movie about Kickstarter projects got in contact with the company that was trying to create this project that they found out some sketchy details surrounding these people and published their findings. Eventually, after backers became furious, Kickstarter decided to suspend the payment process before it was too late.