One Person Crowdfunding Fraud Patrol

As feared by regulators, the crowdfunding scene has attracted various fraudsters.

The website GoFraudMe says: “When it comes to crowdfunding fraud, a few themes seem to be popular with would-be profiteers:catastrophic medical issues (cancer is extra popular with fraudsters);personal disaster such as unemployment, pending homelessness, or other economic distress;veterinary bills or death of a family member or friend.”

The site explains that there is really no way to determine from its face whether it is legitimate or fraudulent.

Worth a visit the next time you feel the urge to donate to a “good cause.”

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 accredited investor, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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