Boe apparently felt bad about what he had done, and wanted to pay Peachy back. Grayston says that he did eventually repay $111,000 CAD in stolen funds, but he hasn't made a payment in over a year.The most damning part of the whole Peachy Printer story is that when you look closely at the company's finances, the numbers don't seem to add up.According to Grayston's own lengthy summary of what happened, posted on Peachy's website, after fees and returned payments, Boe initially received $587,000 CAD into his personal banking account from the Kickstarter campaign, around $320,000 CAD of which went towards building his personal home, by Grayston's calculations. In an interview with VICE News Canada, Grayston said that Boe still disputes exactly how much money he stole.That leaves $267,000 CAD in Kickstarter funds for Peachy's operations. After realizing that Boe was embezzling the money when he kept coming up with excuses for why he couldn't transfer it to the company account, Grayston searched out other sources of income. He applied for and was awarded two separate government grants, totaling $225,000 CAD.
It's not entirely clear where all of that money was spent, despite the pie charts that Grayston created to try and make the startup's cash flow more transparent
The Saskatoon Police Service are also looking into the case, although they said in an email that they initially received a complaint last year, in November 2015. They are "still waiting for more information from the company's owners," according to their statement.To this date, not one of the promised Peachy Printers has shipped, and it's not clear if they ever will. According to Grayston, the company made it to "nearly 70 percent completion on our first run of 600 printers before we halted operations.""I'm wondering how we can share our new house in Canada," one backer wrote on the Kickstarter page.
"Anyone who abuses our system and the trust of our community exposes themselves to legal action."