(credit: David Black)
As the fallout continues from the implosion of Europe’s largest Kickstarter-funded project, Torquing Group has staunchly denied that it cheated or stole from its Zano-drone customers.
"We strongly refute any allegations made that may suggest that the board of directors have misappropriated any funds," it wrote.
In an update posted to Kickstarter on Wednesday, the company published a pie chart showing that 46 percent of company spending went to "stock and manufacturing," followed by 14 percent at "gross wages." However, Torquing noted that these financial figures were unaudited.
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