Washington AG files first crowdfunding consumer protection lawsuit

State of Washington Attorney General Bob Ferguson has filed suit against Altius, a company that raised $25k with kickstarter but never delivered. From the Seattle Times: "...not a single backer has received what was promised, and no money was returned. The suit seeks restitution of the cash, as well as fines up to $2,000 per backer for violations of the Consumer Protection Act, meaning the total could top $1.6 million."