Tag Archives: claim

No Good Crowdfunding Deed

Is it “no good deed goes unpunished”? A New Jersey couple who had been helped by a homeless man set up a crowdfunding site for him. After raising more than $400,000, they gave Johnny Bobbitt some of the money. But … Continue reading

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Insurer Denies Crypto Exchange Claim

Scary times in crypto-currency land as a major Korean insurer has denied the claim of a Bitcoin exchange. Yapian, the parent of YouBit, a crypto-currency exchange, filed a $2.8 million claim to recover for the hack with its insurer DB … 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, fraud, Funding Portals, Investments, Jobs, Legislative Intent, technology | Tagged , , , , , , , , , , , , , , | Leave a comment

SEC Suspends CryptoCurrency/Blockchain Companies

For the first time, the Securities and Exchange Commission has suspended trading in three firms that have made public claims about crypto-currency and blockchain, not that they have been involved in an Initial Coin Offering (yet). The suspension resulted from … Continue reading

Posted in accredited investor, balance, Banks, CFTC, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, discrepancies, fraud, Investments, Jobs, Legislative Intent, penalty, SEC, technology, Wall Street | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Women Crowdfunding To Defend Against Harasser

There is a certain danger in the #metoo campaign of women accusing men of sexual assault and/or harassment. Solidarity Not Silence is a group of women in the UK who have accused a famous musician of just that. They are … Continue reading

Posted in balance, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, review | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Clouds and Silver LInings

Is this a good thing? A new crowdfunding site in Switzerland is entering the litigation funding business. Plaintiffs can offer rewards, typically a percentage of the win (the site claims a 500% return- uh-oh) but defendants can only ask for … Continue reading

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Federal Trade Commission Sues Kickstarter Crowdfunder For Fraud

The Federal Trade Commission has taken its first action against a crowdfunder whose Kickstarter campaign raised $122,000 (4X the target) from 1,246 backers. O The FTC lawsuit says that Erik Chevalier failed to deliver on his promises of creating, publishing … Continue reading

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Crowdfunders Can Pile Into Lawsuits

Want to bet on the law? A new website is selling shares of commercial lawsuits. Lexshares will let accredited investors buy a piece of a legal claim and if the judge or jury decides in your favor, you win! Run … Continue reading

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