Category Archives: unfair and deceptive practice

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 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

Who Owns Crowdfunded Donations?

Query: Who owns crowdfunding monies raised? Raymond had cancer and his family needed help with the bills from the removal of his tumor. So, a family member started a crowdfunding campaign for him on GoFundMe and raised $22,000 from caring … 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, fraud, Investments, Jobs, Legislative Intent, review, SEC, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , | Leave a comment

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