Crowdfunding is one of the "new" tech economy's sharpest double-edged blades. While it has served as a legitimate platform for fans to support products and content they genuinely believe in and want to see become a reality, it is also ripe for scamming and incompetence. Case in point: Fonkraft, a $50,000 Indiegogo campaign that allegedly will culminate in the production of a Project Ara-style modular smartphone.

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