Report them to the FBI and let Mu-Thermal prove it WASN'T a deliberate fraud.
http://www.fbi.gov/scams-safety/fraud/internet_fraud
You can try if you like, but if it turns out the money raised has gone into wages of development personnel, purchasing of parts, etc, the investigators will drop the investigation almost instantly. If they have set up a development team, then this will not look like a scam to any investigator. Mu Optics may get a wrap over the knuckles for using wording that could be called "deceptive" but I suspect that the investigators would not see any fraudulent statements. The contributors did contribute to the development of a new product that didn't exist - they did not purchase an existing product. There was no promised delivery date - there was an estimated delivery date. Mu Optics can explain away the delay in delivery in terms of the need for a change of design from a USB solution to a WiFi solution. They can show that they only just sourced a useable WiFi chip a few weeks ago.
At best you can try and give them such bad publicity that you make it a certainty that the project fails no matter how hard Mu Optics try. You could get them tied up in civil court cases so that 100% of your contribution money ends up in the pockets of lawyers.
You contributed to a project to develop a thermal camera, and now the power is in the hands of Mu Optics. You have a choice to either support them, to try and hurt them, or walk away so if they come good, you get a very pleasant surprise. I do understand that your trust has been badly tested by the discovery of the misleading wording of statements.
The project may fail - just like the majority of startups fail, but failure is not fraud. Failure is lack of talent, or lack of effort, or lack of resources, or lack of a good idea from the start, or a good idea that looses its market due to a flood of cheaper products suddenly appearing. If there are companies now providing cheap thermal sensor arrays and cheap IR lenses, they will be marketing these sensors and lenses to other companies as hard as they can. You will see other cheap thermal cameras soon.