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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
 
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.  
roxy54's avatar
roxy54
7,964 posts
 
Thanks celander. I just learned something.

jeff, Did you lose a lot of money?
jeff_from_michigan OP
4 posts
 
Roxy, Yes I am out a nice chunk of change. It was a crowd-funded project on Indiegogo (similar to Kickstarter). Crowdfunding works like this: You pledge (back) a project, and pay up front. The backers' money is (supposedly) used to fund the actual production of the product that you backed. Celander is correct: you risk losing your investment if the project falls apart. In my particular case, LH Labs did deliver as promised a Pulse DAC from an Indiegogo campaign that was launched around the same time as the others that I referred to in my OP, and that DAC sounds very good at what I consider an exceptional value.  =The Hook.

Celander, the reason for my OP was to find out if there are a lot of people outside the Indiegogo product-specific forums and LH Labs' own forums who feel ripped off (and maybe along the way, whether or not anybody is pursuing legal action against LH Labs).  I understand your astonishment, but rest assured that I am not wondering if I have been ripped off. I think a lot of people are embarrassed to have sent so much money into the black hole that is LH Labs and do not want to share their mistakes on a public forum.

Thanks to both of you.  I think we can safely put this thread to bed now.  

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