Category Archives: fraud

UK’s FCA Warns on ICO’s

The United Kingdom’s Financial Conduct Authority has cautioned the investing public that “ICOs [initial coin offerings] are very high-risk, speculative investments.” Taking a less restrictive approach than the U.S. Securities and Exchange Commission which calls ICO’s “securities” to be regulated … Continue reading

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Crowdsourcing For Profit

Here’s a smart idea: Ask the public to  show you how to make money in the markets and then agree to license that idea for a percentage of the profits you make using it. Quantopian claims to crowdsource quantitative investing … Continue reading

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

Crowdfunded Microbrewer Disappears Into The Mist

The Kansas City Star has outed Wilderness Brewing, a Kickstarter crowdfunded microbrewery for allegedly disappearing with donor money. It’s two owners raised over $40,000 six years ago to open the beer factory and have failed to do so and have … Continue reading

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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 … Continue reading

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 | Tagged , , , , , , , , , , , , | Leave a comment

Crowdfunding Critic Claims Industry Too Immature For Investors

Crowdfunding’s biggest critic in the United Kingdom is Rob Murray-Brown who blogs about the problems in the “industry.” Recently interviewed, RMB says that the problem is that investors get locked in with no real hope of getting their investment back … Continue reading

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

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 … Continue reading

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 | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

EU Determines Crowdfunding Offers A Minimal Terrorist Threat

The European Commission released in July an assessment of the risks of money laundering and terrorist financing for crowdfunding. The report states that the threat from crowdfunding “is based on the anonymity offered by the online presence and the worldwide … Continue reading

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