Tag Archives: injunction

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

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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Publisher Enjoins Crowd Funders

You can hate, but can’t love on the internet. Writer Geoffrey Todd and illustrator Rich Berner’s planned tribute-sequel book to Maurice Sendak’s “Where The Wild Things Are” was stopped in its tracks as HarperCollins’ lawyers shut down their Kickstarter campaign. … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment