Tag Archives: restitution

FTC Investigating Kickstarter Campaign

Crowdfunding buyers of the iBackPack have recently received inquiries from the Federal Trade Commission about the Kickstarter and Indiegogo crowdfunding campaigns that raised over $700,000 but have, as yet, fundamentally failed to deliver a product to its consumers. While the … 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, technology, VC, Venture Capital | 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

Problems With Charity Crowdfunding Sites

There is growing concern that some of the “charity” crowdfunding sites are being used by unscrupulous posters who start campaigns for victims but fraudulently keep the funds. Critics blame the web portals for not vetting the posters sufficiently, but the … Continue reading

Posted in accredited investor, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment