Crowdfunding Fraud Is Funny

This must be the ultimate FU to crowdfunding donors: 3 guys who crowdfunded more than $70,000 to make a movie, then blew it on luxury goods, trips and women.
And filmed it.
Actually, that’s the plotline of “It’s All Good” and, although crowdfunding fraud is serious, the trailer looks pretty funny (although NSFW). Crowdfunding has officially become mainstream.
http://metro.co.uk/2016/09/29/filmmakers-spend-60000-they-got-from-crowdfunding-on-champagne-and-limos-instead-6159796/

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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 accredited investor, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Film, fraud, Funding Portals, Investments, Jobs, Legislative Intent, SEC, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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