Category Archives: penalty

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

SEC Stops ICO In Its Tracks

The Securities and Exchange Commission halted a crowdfunded Initial Coin Offering in its tracks this week when it issued a cease and desist order against Munchee. “Munchee was seeking $15 million in capital to improve an existing iPhone app centered … Continue reading

Posted in accredited investor, 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, penalty, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

SEC Warns Professionals About Bitcoins

As the futures price of Bitcoin surged past the spot price on the first official day of futures trading on the Cboe, the Chairman of the Securities and Exchange Commission ramped up his warning. In a public memo, Chairman Clayton … Continue reading

Posted in accredited investor, balance, Broker dealers, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, FINRA, fraud, Funding Portals, Investments, Jobs, Legislative Intent, penalty, review, SEC, Small Business, technology, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Woman Crowdfunds To Prosecute Rapist

Private justice is permitted in the UK. A woman is crowdfunding to prosecute a man who allegedly raped her after the government dropped the case due to “lack of evidence.” Newsweek reports that “In the U.K., complainants can finance private … Continue reading

Posted in balance, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Legislative Intent, penalty, technology | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Creeps Into Healthcare Debate

Crowdfunding may be creeping into the health care debate as many in the United Kingdom are now seeking the kindness of strangers. BuzzFeed News has reported that almost 25% of persons prescribed a wheelchair are not receiving one due to … Continue reading

Posted in accredited investor, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Jobs, Legislative Intent, penalty, technology | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Don’t Let The Crowd Infect You

A crowd infection virus is now being seen by security experts called Popcorn Time. It’s ransom ware that infects your computer by getting you to click a link or download a file. The nasty part is, that in order to … Continue reading

Posted in checkbook, Crowd Funding Platforms, fraud, Funding Portals, Investments, penalty, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

FINRA Shutters Crowdfunding Portal

The Financial Industry Regulatory Authority, the organization that regulates broker dealers and, now crowdfunding web portals, shut down UFP, LLC, known as UFundingPortal.com, because the portal: lacked a reasonable basis for believing that certain companies offering securities through its online … Continue reading

Posted in accredited investor, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, FINRA, fraud, Funding Portals, Investments, Jobs, Legislative Intent, penalty, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment