Tag Archives: cheat

Belgium Warns Citizens About Crypto Scams

Some government financial regulators are taking a more pro-active approach to cryptocurrency matters. Take, for instance, Belgium’s Financial Services and Markets Authority (FSMA) that now warns its public about those cryptocurrency offers and exchanges that are not fully compliant with … Continue reading

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

New Crowdfunding Disease

OMG, that poor person has #*%^& disease, let’s donate to her crowdfunding page. But wait, that poor person may be a faker. Taryn Harper Wright, a self proclaimed “hoax hunter,” has exposed “17 cases of suspected illness fraud in the last … 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, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

D.C. Files Lawsuit Vs. Crowdfunder

The Washington, District of Columbia Attorney General is suing Sivil, Inc. and its sole stockholder, a crowdfunder who raised over $280,000 from 3,625 donors on Kickstarter in 2015 promising to create and deliver high performance athletic shirts. No delivery or … 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, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology | 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

Entrepreneurial Risk Of Crowdfunding

One of the dangers of crowdfunding is the public release of your idea before you go to market. Since most crowdfunders are in the startup mode and likely have not patented their product (although a patent may not help in … Continue reading

Posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, SEC, Small Business, technology, Uncategorized, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Who Is Responsible for Crowdfunding Scams?

Under SEC rules, disclosures to investors must be true and correct, but what about crowdfunding? The Wall Street Journal points out that some crowdfunding campaigns aren’t quite there yet. For example, Ritot failed to disclose that it was located in … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Trust and Safety

Crowdfunding fraud can work in various ways. Kickstarter now has a “Trust and Safety Team” that reviews campaigns and responds to fraud complaints from donors. Many of the complaints focus on the failure to deliver rewards when promised. Delivery failure … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, States | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment