Sask. consumer affairs authority investigating Peachy Printer
Wants to hear from those who sent money to the company
Saskatchewan's consumer protection authority is investigating Peachy Printers, the 3D printing startup that is now in financial trouble.
The company raised nearly three-quarters of a million dollars through crowdfunding — but now says half the money is gone.
One of the business partners says the other used a large chunk of the money to build himself a house.
Eric Greene, director of consumer protection with the province's Financial and Consumer Affairs Authority, is working to determine what people thought they would get in return for their money.
"Was it a gift, a donation, an investment, a contribution or a purchase? Was the promise that you would get a product at the end of the day dependent on a variety of issues?"
Greene says he would like to hear from anyone who gave money to the company. He says the FCAA will also contact the company's founders.