Tag Archives: refund

Trouble in Crowdfunding Parad-Ice

Nothing like a messy divorce in the world of amateur ice skating to create crowdfunding havoc. When the duo of Min Yu-ra and Alexander Gamelin began their quest for Olympic gold, Gamelin’s parents set up a charity crowdfunding campaign to … Continue reading

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

ICO Crowdfunds Promising No Value

If you bought Bitcoin at $20,000 a few weeks ago, yesterday’s close at $10,236 might have you feeling a bit blue. With a nod to PT Barnum, perhaps you should look at the UET, otherwise known as the Useless Ethereum … Continue reading

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

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

Crowdfunded Microbrewer Disappears Into The Mist

The Kansas City Star has outed Wilderness Brewing, a Kickstarter crowdfunded microbrewery for allegedly disappearing with donor money. It’s two owners raised over $40,000 six years ago to open the beer factory and have failed to do so and have … 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, review, SEC, Small Business | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunded Tech Co. Dissolves

Sorry, 1,300 backers of Vinaya. The company sent a notice to its Indiegogo backers that it would not be delivering its promised Zenta health wrist wearable device, and also, you’re not getting a refund of the $270,000 you paid upfront, … Continue reading

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

Pebble Watch Donors Watch Doors Close

If you’re still waiting for that tech marvel the Pebble Watch that you pre-bought on Kickstarter, forget it. It’s not coming. Pebble was bought by FitBit for only $10 million more than it raised by crowdfunding (a record at the … Continue reading

Posted in accredited investor, checkbook, Congress, Crowd Fund Act, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Failure: Fraud or Incompetence?

After crowdfunding over $120 Million, UK video game developer Cloud Imperium Games has yet to deliver the promised Star Citizen video game. Is it fraud or just plain incompetence? A recent informal investigation notes that it’s more likely the latter, … Continue reading

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

PayPal No Longer Providing Crowdfunding Protection

TechCrunch reports that PayPal is changing its policy and will no longer provide Purchase Protection for crowdfunding donations. The online publication thinks that it may be because there’s a new type of donor who has been asking for her money … Continue reading

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

When Is Crowdfunding Failure Fraud?

Is there a thin line between failure and fraud? Some crowdfunding donors are starting to get angry that crowdfunders are taking their cash and not delivering on their promises. However, Professor Ethan Mollick of the Wharton School found that: 9% … Continue reading

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

Kickstarter Documents Contract Between Crowdfunders and Donors

Kickstarter has revised its terms and conditions to let crowdfunders know that they are entering into legally binding contracts with their “donors.” The terms now specifically state that if the funder does not comply with its obligations, it could be … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment