Charity Crowdfunding Portal Working Around-The-Clock To Stop Fraudsters

GoFundMe, a charity crowdfunding portal, says that it has taken down “a handful” of fraudulent campaigns seeking money for victims of the Manchester, United Kingdom bombing.

One such false campaign was put up by a guy “Mike Collins” for his fake sister “Poppy” using a photo he stole from a real US student from Arizona.

The site was quickly taken down as the portal is now doing round-the-clock monitoring and actually contacting the organizers to make sure (to the extent possible) that they are legitimate.

GoFundMe claims that they have caught and stopped all the fraudsters so far.

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, Funding Portals, Investments and tagged , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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