Tagged: erik chevalier

Federal Trade Commission on Crowdfunding Scams

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

FTC Settles on Crowdfunding Scam. Kickstarter Creator Spent Money on Personal Expenses

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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