Tag Archives: due diligence

Local Government Sponsors Crowdfunding

Some governments are picking winners and losers. The local Biscay government in the Basque region of Spain has handpicked a number of startup companies for whom it is sponsoring crowdfunding campaigns. In an attempt to mitigate the risk of investing … Continue reading

Posted in accredited investor, balance, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, review | Tagged , , , , , , , , , , , , , , , | Leave a comment

Reg. CF Campaign Hit With Scam Allegations

Something fishy is going on in the world of regulated crowdfunding. A Regulation CF registered crowdfunding campaign on the Microventures portal is being “bombed” by paid “scam alert” advertisements that claim (allegedly) that the person running the SuperDope campaign has … 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, Small Business | Tagged , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Critic Claims Industry Too Immature For Investors

Crowdfunding’s biggest critic in the United Kingdom is Rob Murray-Brown who blogs about the problems in the “industry.” Recently interviewed, RMB says that the problem is that investors get locked in with no real hope of getting their investment back … Continue reading

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

Magazine Sours On Crowdfunding

The PopSlate 2 phone case million dollar crowdfunded startup is the latest big bust for Indiegogo as the crowdfunder has notified backers that it is filing bankruptcy. There will be no delivery of promised product and no backer refunds of … Continue reading

Posted in accredited investor, balance, Broker dealers, 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, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Adoption App Crowdfunding Campaign Suspended

Tinder for adoption? Kickstarter has apparently suspended the Adoptly crowdfunding campaign which was seeking funds to develop an app that would match orphans with potential parents. “If the kid or expecting mother likes you, it’s a match!” The campaign had … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, discrepancies, fraud, Funding Portals, Legislative Intent, review, technology, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Reporter Unearths Crowdfunding Scam

A Geektime reporter does a bit of due diligence and determines that the AurumCoin crowdfunding campaign is a scam. Some evidence that the plea for money is not credible: the appeal to the greed and doomsday factor; no rewards for … Continue reading

Posted in accredited investor, Broker dealers, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, discrepancies, fraud, Funding Portals, Investments, Legislative Intent, SEC, Small Business, technology, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

FINRA Shutters Crowdfunding Portal

The Financial Industry Regulatory Authority, the organization that regulates broker dealers and, now crowdfunding web portals, shut down UFP, LLC, known as UFundingPortal.com, because the portal: lacked a reasonable basis for believing that certain companies offering securities through its online … Continue reading

Posted in accredited investor, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, FINRA, fraud, Funding Portals, Investments, Jobs, Legislative Intent, penalty, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment