Monthly Archives: December 2017

Crypto Currency Tax Matters

If you’ve hopped onto the cryptocurrency train, you should be aware that the IRS is all over this. So, if you’re paying employees in Bitcoin (or alts), you must report it on a W-2 and withhold just like dollars (except … Continue reading

Posted in accredited investor, Banking, Banks, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

South Korea Considers Crypto Regulation

Fox Business is reporting: “New proposed legislation in (South) Korea will ban the use of anonymous cryptocurrency accounts starting next month and prevent banks from providing settlement services for unidentified digital-currency trades on bitcoin exchanges.” This follows the shut down … Continue reading

Posted in accredited investor, balance, Banks, Broker dealers, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, fraud, Funding Portals, Investments, Jobs, Legislative Intent, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Putin Plans to Control Crypto-Currencies

Vladimir Putin, the savvy Russian President (for life?) has told the legislature that he wants to regulate crypto-currencies. The Duma is working on a law now that will deem Bitcoin and its alternatives as property for tax purposes, require Initial … Continue reading

Posted in accredited investor, balance, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunder Gets Amazon Buyout

Another crowdfunder has hit it big, leaving its donors in the proverbial dust. Blink, one of the first wireless security cameras, raised $200,000 in a Kickstarter crowdfunding campaign back in 2014, later to raise up to $1 million there pre-selling … Continue reading

Posted in accredited investor, balance, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Court Wrist Slaps Crowdfunding Fraudster

A Cincinnati court wrist slaps a woman who defrauded the public with her crowdfunding campaign. Although being convicted of  misdemeanor child endangerment and telecommunications fraud (a felony), the mother of a child who she claimed had terminal cancer and subjected … Continue reading

Posted in accredited investor, balance, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fine, fraud, Funding Portals, Investments, Jobs, Legislative Intent, penalty, review, SEC, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Quickbooks Surprises Crowdfunders

A “white knight” has backed a minority owned cosmetics crowdfunding campaign. A venture arm of Quickbooks, Intuit’s software accounting arm, called “Backed by Quickbooks” researches promising crowdfunding campaigns and makes donations to help them reach their crowdfunding targets. Here, BbQ … Continue reading

Posted in accredited investor, balance, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

D.C. Files Lawsuit Vs. Crowdfunder

The Washington, District of Columbia Attorney General is suing Sivil, Inc. and its sole stockholder, a crowdfunder who raised over $280,000 from 3,625 donors on Kickstarter in 2015 promising to create and deliver high performance athletic shirts. No delivery or … Continue reading

Posted in accredited investor, balance, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment