Potential Failure of Rape Preventing Underwear Crowdfunding

Here’s another good crowdfunding idea that may be in meltdown. In March 2016 AR Wear reported “the transition from prototype to manufacturing process is presenting challenges in more areas than we had imagined.”

So, its more than 2,000 backers who donated almost $55,000 may never see AR’s  women’s underwear that is advertised toprotect against sexual assault.

Apparently, “AR Wear, which has devised underwear constructed with fabric resistant to pulling and cutting, and an internal skeleton to prevent removal by anyone other than the wearer.” …while at the same time being discreet if not attractive. There’s been radio silence since.

Not sure why this company just received press coverage yesterday??

https://www.indiegogo.com/projects/ar-wear-confidence-protection-that-can-be-worn#/updates/all

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, balance, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology and tagged , , , , , , , , , , , , , , , , . Bookmark the permalink.

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