Man Faces Prison For Sharing A Crowdfunding Link

A UK- Australian citizen was arrested in Dubai for sharing a crowdfunding link on his Facebook page.

It is reported that Scott Richard is being held without bail for posting a “link to a crowdfunding effort to bring clothes, blankets and other supplies to children at a refugee camp outside of Kabul.”

New laws in Arab countries require that charities register with the government and donations get government approval. Richard, if convicted, faces a year in prison and a fine of ~$18,000.
The road to prison is paved with good intentions…
http://time.com/4458791/dubai-uae-scott-richards/

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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: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Legislative Intent, penalty, Uncategorized and tagged , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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