Crowdfunding Scam Alert

Watch out for Maksym and Denys Pashanin who have allegedly defrauded Kickstarter investors out of $40,000 with a pixel-art RPG video game called “Confederate Express” in the fall of 2013 that did not deliver, then started a new crowdfunding campaign called “Knuckle Club” asking for $25,000 (now with 77 backers at $854).

Today, they are allegedly squatting in an AirBnB Palm Springs condo and cannot be thrown out due to the California landlord/tenant laws.

Read more:


About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at:
This entry was posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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