Category Archives: unfair and deceptive practice

Company Claims To Insure Vs. Crowdfunding Fraud

There’s a company that claims to be insuring donors against crowdfunding fraud. It’s website says that: “If a campaign you back turns out to be fraudulent, [they] will refund each dollar you lost.” The premium is cheap, $10 for 1 … Continue reading

Posted in accredited investor, balance, Broker dealers, checkbook, Consumer Financial Protection Bureau, 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, SEC, Small Business, technology, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Ransomware Crowdfunding Scam: BEWARE!

BEWARE of a new ransomware that is “crowdfunding” bitcoins, claiming to be a charity. The The so-called “Global Poverty Aid Agency” is a group of theives masquerading as a non-profit and encrypting computer files thinly disguised as a non-profit trying … Continue reading

Posted in accredited investor, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Legislative Intent, SEC, Small Business, technology, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Adoption App Crowdfunding Campaign Suspended

Tinder for adoption? Kickstarter has apparently suspended the Adoptly crowdfunding campaign which was seeking funds to develop an app that would match orphans with potential parents. “If the kid or expecting mother likes you, it’s a match!” The campaign had … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, discrepancies, fraud, Funding Portals, Legislative Intent, review, technology, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Reporter Unearths Crowdfunding Scam

A Geektime reporter does a bit of due diligence and determines that the AurumCoin crowdfunding campaign is a scam. Some evidence that the plea for money is not credible: the appeal to the greed and doomsday factor; no rewards for … Continue reading

Posted in accredited investor, Broker dealers, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, discrepancies, fraud, Funding Portals, Investments, Legislative Intent, SEC, Small Business, technology, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Charitable Crowdfunding: Trust But Verify. But How?

Americans are an empathetic bunch as the recent GoFundMe campaign shows. But should they be more cautious? A person posting as “R.b. “Razor” Sheldon on behalf of Amber Boyd” started a crowdfunding campaign to benefit the family of the challenged … Continue reading

Posted in balance, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, discrepancies, fraud, Funding Portals, Legislative Intent, review, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Spectacular Crowdfunding Failures

What do mini-drones, gills for people, coolers with speakers, shoes with magnets and a home 3D printer have in common? All were notorious crowdfunding failures. Reasons for the failures included embezzlement, disappearance (with all the money it raised), delivery delays/failures,technological … Continue reading

Posted in accredited investor, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, drone, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, Uncategorized, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Rise of Serial Crowdfunding Scammers

Perhaps someone should start a Black Book of serial crowdfunders who raise large sums of money and continually fail to deliver on their promises of finished products. One complaint comes from HeatStreet where it alleges that so-called “social justice warriors” … Continue reading

Posted in accredited investor, Broker dealers, Charity, Consumer Financial Protection Bureau, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, Investments, Jobs, Legislative Intent, SEC, Small Business, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment