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
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
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