Category Archives: unfair and deceptive practice

Crowdfunding YouTube Celebrity Screws Fans

Here’s another way to get screwed via crowdfunding: A YouTube celebrity in Japan with over 2.2 million fans, Hikaru, sold “shares” in himself on a platform called Valu. Fans paid cash for tokens on the Valu exchange called VA’s. The … 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, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

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

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

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