I have a friend who used to work for a firm that did nothing but make bogus Kickstarter projects. They would cobble together a prototype of whatever it was they wanted to "kickstart", put together some graphics and a quick video in adobe suite, and wait for the money to roll in. After money started to slow down, they would pull the project page and run. Companies on Kickstarter have no obligation to deliver a finished product and supporters have no right to a refund.
What always boggled my mind is that they would use the same account to post projects multiple times over. People could see that they had several "failed" projects in the past and they would still support a new project.