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Is LH Labs a big scam?

I have equipment that I pledged for on Indiegogo over 4 years ago and all there has been in the meantime has been countless delays, unmet promises, more delays, more unmet promises, a revolving door of one company representative after another after another on the forms, etc.  The list goes on and on.  Check out the Indiegogo Geek Wave or Geek Source pages, or heck even LH Labs' own forums to see what people who have backed their disastrous campaigns are saying.  If what they have done to their backers isn't a scam, it sure looks and smells like one.  Does anybody else feel like they have been ripped off by LH Labs?
jeff_from_michigan
roxy54's avatar
roxy54
7,964 posts
 
I never heard of them, but I went to the website and it appears to be like any other boutique audio site. 
I'm not understanding your connection or what you did. You pledged equipment?
jeff_from_michigan OP
4 posts
 
Roxy, yes I pledged for two pieces of equipment.  I am curious if anybody else feels like they've been ripped off by LH Labs, and if so, what kind of recourse is being considered or pursued. Thanks.
roxy54's avatar
roxy54
7,964 posts
 
When you say "pledged", do you mean that you ordered things, and paid in part or in full? I haven't heard that word used in this context before.
celander's avatar
celander
1,503 posts
 
My god, man, you’re asking whether a company with which you’ve made a product purchase commitment over 4 years ago and from whom you’ve heard nary a word since is a scam? Don’t you answer your own question? What in the name of Peaches am I missing here??
celander's avatar
celander
1,503 posts
 
@roxy54 it simply means a verbal or written promise to commit to a purchase, usually with no money down or a nominal deposit. The bait for such pledges is usually in the form of substantial discounts off of retail (that is, cost or thereabouts). The risk is that nothing matures from the pledge and whatever consideration was given is lost.  
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