BBB Helps Donors Parse Crowdfunders

The Better Business Bureau has some tips to avoid being scammed by crowdfunding appeals.

The best way to determine if it’s a fraud is if you know the person that is making the appeal.

Also, do some quick diligence such as an image search on Google to determine if the poster is impersonating a real or imagined individual.

The “BBB Charity Reviews let donors know whether a charity has complied with BBB Standards for Charity Accountability, 20 standards designed to show that a charity is transparent about its operations and fundraising and that it follows good governance practices.”

So, as the SEC always says “investigate before you invest.”
http://fox2now.com/2017/06/29/better-business-bureau-online-scammers/

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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, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, discrepancies, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology and tagged , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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