Tag Archives: diligence

Crowdfunding Platform Finds A Niche

Posted on October 26, 2017 by

As a market gets crowded, players start looking for niches to fill. That’s Honeycomb, an accelerator startup that is now an SEC registered web portal. Honeycomb plans to have local customers fund small loans for community businesses that have actual … Continue reading →

Posted in accredited investor, Banking, Banks, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

BBB Helps Donors Parse Crowdfunders

Posted on June 30, 2017 by

The Better Business Bureau has some tips to avoid being scammed by crowdfunding appeals. The best way to determine if it’s a fraud is if you know the person that is making the appeal. Also, do some quick diligence such … Continue reading →

Posted in accredited investor, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, discrepancies, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Charity Crowdfunding Portal Working Around-The-Clock To Stop Fraudsters

Posted on May 29, 2017 by

GoFundMe, a charity crowdfunding portal, says that it has taken down “a handful” of fraudulent campaigns seeking money for victims of the Manchester, United Kingdom bombing. One such false campaign was put up by a guy “Mike Collins” for his … Continue reading →

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

Police Chief Asks People To Stop Crowdfunding

Posted on April 18, 2017 by

Cleveland Police Chief Calvin Williams has asked the public to stop donating to the crowdfunding pages set up for the family of murder victim Robert Godwin. Godwin was assassinated by a killer who posted the murder on Facebook’s live stream. … Continue reading →

Posted in balance, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, fraud, Funding Portals, Investments, Jobs, Legislative Intent | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Charitable Crowdfunding: Trust But Verify. But How?

Posted on January 9, 2017 by

Americans are an empathetic bunch as the recent GoFundMe campaign shows. But should they be more cautious? A person posting as “R.b. “Razor” Sheldon on behalf of Amber Boyd” started a crowdfunding campaign to benefit the family of the challenged … Continue reading →

Posted in balance, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, discrepancies, fraud, Funding Portals, Legislative Intent, review, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Fraud Accusations Result in Backlash

Posted on June 3, 2016 by

While some say that the “crowd” will be able to nose out crowdfunding fraud, there is a danger that publishing unconfirmed reports could be dangerous to the accuser. Canadian internet publisher Ezra Levant is suing freelance broadcaster Adam Stirling in … Continue reading →

Posted in accredited investor, Charity, 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, SEC, Small Business, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Site Defends Its Diligence Process

Posted on April 19, 2016 by

In 2015, UK company Rebus raised “£816,790 via crowdfunding platform Crowdcube last year to fund an expansion that aimed to deliver investor returns of up to 10 times within three years,” per the Financial Times. It has since gone into … Continue reading →

Posted in accredited investor, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, technology, VC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment