Tag Archives: deceptive practices

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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Washington State Sues Crowdfunder

Washington State’s Attorney General filed a lawsuit against a crowdfunder who raised over $25,000 from 810 backers on Kickstarter and failed to deliver the promised product for more than 16 months. The AG calls this “crowdfunding theft.” In other words, … 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 | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment