VA AG Warns About Crowdfunding Scampaigns After Charlottesville

In the wake of the Charlottesville white supremacy disturbance, the Virginia Attorney General is warning citizens to be wary of fake crowdfunding campaigns.

AG Herring suggests that if you are not sure of the originator of the campaign, investigate, try to find some kind of offer verification, and if you still have questions about its legitimacy, just give to a known entity like the Red Cross.

He warns against supposed charities that reach out to you first, that use “copycat” names, that pressure you to give and can’t give proof that your donation is tax deductible. Real charities must also register with the Virginia Department of Agriculture and Consumer Services’ Office of Charitable and Regulatory Programs.

Herring wants consumers to report possible scams to his office.

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, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, unfair and deceptive practice and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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