Tagged: erik chevalier

June 11, 2015 @ 9:11 pm By JD Alois  |  

The Federal Trade Commission (FTC) settled charges today with a crowdfunding campaign creator that failed to deliver promised perks to backers. Erik Chevalier, doing business as the Forking Path Company, successfully raised over $122,000 from 1,246 backers.  Instead of using the money to fulfill his… Read More

June 11, 2015 @ 5:05 pm By JD Alois  |  

The Federal Trade Commission (FTC) announced today they had settled with a crowdfunding campaign creator after they determined that backer money  had been spent on personal expenses.  This was the very first FTC legal action against a crowdfunding campaign but it strikes an ominous note for all… Read More