I don't know the details of kickstarter other than hearing second hand 'you need a prototype for a hardware project'. I have no idea how much, if any, due diligence they do on projects. They probably leave that to potential backers since they are really taking all of the risk. regardless, I can understand not having the project done, or a prototype polished, but rushing this for the toy fair and pushing this scam further really damages their/his reputation and makes it hard for me to believe in any effort made to salvage this.
other than maybe selling custom color jaguar molds - I don't know if that would be profitable - but I think he has demonstrated he can do that