Crowdfunder Arrested For Bad Idea

Don’t do this:

A 29-year-old Indiana man created a crowdfunding campaign to raise money so he could travel to Montana to be with his 14-year-old “fiancée.”

He was arrested and charged with felony sexual abuse of children.

GoFundMe told the press that after review, they took down his crowdfunding site. Surprisingly, he did not raise any money.

Query: Whether anyone will donate to his $25,000 bail requirement?

http://fox59.com/2017/08/24/police-indiana-man-started-crowdfunding-campaign-to-meet-up-with-14-year-old-girl/

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, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, fraud, Funding Portals, Jobs, technology, unfair and deceptive practice and tagged , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.