Tagged: caveat emptor

Kickstarter Campaign Results In Embezzlement Allegations, Backers To Be Refunded

In late September of 2013 a group of gaming enthusiasts launched a Kickstarter campaign to bring a gaming and comic book convention to the South Bend, Indiana area. It was to be called River-Con. The group was able to raise $4,000 on a goal of… Read More

Accreditation Does NOT Equal Sophistication

This article is contributed by Sang Lee (@rocsang), CEO and founder of Return on Change, the next generation’s investment crowdfunding portal (www.returnonchange.com). Follow Return on Change @rocspeaks for investment crowdfunding advice and updates. Recently, there has been a ton of news around the unanimous approval of the… Read More

Fraudulent Crowdfunding Campaign Stopped Within Hours

Cynical pundits decry crowdfunding as a tool for fraudsters and scammers to fleece an unknowing public of their hard-earned money. The truth is that crowdfunding platforms have a robust and evolving fraud detection system already in place, and these systems work today. I visited Indiegogo’s… Read More

Crowdfunding could be regulated, but what are the risks?

Calls for ‘crowdfunding’ to be regulated could be heard as early as next April when new rights for consumers come in to play. But with so many internet platforms popping up, the catch-all term can be confusing. It is used to describe a large group of… Read More

BBB Cautions Public On Campaigns For Victims In Cleveland

This week YouveGotFunds.com announced via a press release that they had launched a crowdfunding campaign seeking donations for Amanda Berry, Michelle Knight and Gina DeJesus. Berry, Knight and DeJesus were victims of Ariel Castro, a Cleveland man that kidnapped the three girls and imprisoned them… Read More

Investors Lose In Crowdfunding

… It seems that the only investor protection discussed in these letters is that investors’ money will pass through to an escrow account and that the site can’t withdraw deposited funds. Investors will have to trust these companies that have little mechanisms to make money will… Read More

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