Tagged: scam

Questions Arise on Bankera Initial Coin Offering as BitcoinTalk Forum Levels Serious Accusations

Following the announcement of Bankera’s forthcoming Initial Coin Offering (ICO), a reader pointed out a discussion taking place on BitcoinTalk that is making serious accusations against the ICO and its founders. Several users on the forum have alleged that Bankera co-founder, Vytautas Karalevičius, is a scammer…. Read More

Are GoFundMe’s “Buy Congress’ Internet Data” Crowdfunding Campaigns Scams?

In votes this and last week that were largely along party lines, US Congress moved to dismantle the landmark internet privacy protections for consumers, a strike against Obama’s telecommunications and technology regulations.. At this writing GoFundMe is hosting fourteen concurrent crowdfunding campaigns that supposedly offer donors the opportunity to buy Congress… Read More

CashCall to Refund $15M+ Over Illegal Online Lending Scheme

Attorney General Mark R. Herring announced that Virginia consumers will be receiving $15.335 million in restitution and debt relief as part of a settlement to resolve claims that CashCall, Inc. and its president and CEO J. Paul Reddam illegally deceived borrowers and collected illegal interest of up… Read More

Kanye West Will Not Be Taking Any Funds from GoFundMe Campaign

Following the launch of a fan running GoFundMe campaign to help Kanye West, sources close to reportedly “debt-stricken” musician revealed that he won’t be taking ANY of the funds from the initiative. The organizer of the campaign, Jeremy Piatt, revealed to TMZ that he was contacted by… Read More

Canadian Woman Fakes Rare Neurological Disease & Raises Over $125,000 on GoFundMe

On Friday, a Burlington woman named Cynthia Lynn Smith was accused of scamming backers on GoFundMe by faking a rare neurological disease known as Chronic Inflammatory Demyelinating Polyneuropathy. Authorities confirmed that Smith went as far as acting out symptoms to convince family and friends to help her… Read More

Is SOAP Another Scampaign? Questions Persist as to Projects Viability

  Last year, We shared some details about the Kickstarter- crowdfunding success SOAP Rablet, the all-in-on home automation router. The device was described as 2 GB/S WiFi 802.11AC, BLE, Zigbee, Zwave, Insteon, RFID/NFC, Home Media Server, Your Own Cloud and Domain.  Kind of a swiss army knife of… Read More

Kickstarter Campaign Creator Accused of Scamming Backers; Runs Off With Over $54,000

Earlier this year, 20-year-old San Diego resident, Taylor Beck, launched a crowdfunding campaign on Kickstarter to raise a mere $2,000 for his new tutorial called Le arn iPhone App Development. Not only did the project surpassed its initial goal super quickly, it reached well over… Read More

Scam Alert: Alleged Bone Cancer Patient Shuts Down GoFundMe Campaign After Being Busted With Bogus Photos

Earlier this month, an alleged Iraq war veteran known as Kevin Fish debuted his crowdfunding campaign on GoFundMe to raise $4,000 for what he noted to be his final trip to his family in Louisiana before he died from bone cancer. Fish shared on the… Read More

Scam Alert: Louisiana Woman Reportedly Rips Off Donors Seeking to Help Single Father Through GoFundMe Campaign

Earlier this week, an Abbeville, Louisiana woman was arrested for “defrauding donors” through a crowdfunding campaign on GoFundMe. According to an Austin, Texas news station, Taylor, Texas law enforcement officials stated that Fallon Mouton raised $4,600 through the campaign for a Texas man, Moses Perez,… Read More

Scam? SilverAlms Crowdfunding Site Blatantly Copies Campaigns

Possible Scam Crowdfunding Site Created to Dupe Unwitting Donors. SilverAlms a donation crowdfunding site claims to be the “Worlds First Charity Crowdfunding Portal”.  But is it really?  The site appears to be a clone of crowdfunding campaigns from other platforms such as Indiegogo and GoFundMe… Read More

Scam Uncovered on Indiegogo as Bloody Cuts Film Campaign is Pulled

Pitching funding for a full-length version of Bloody Cuts Film‘s “Don’t Move,” a man by the name of “Ron Forbes” started a crowdfunding campaign on Indiegogo earlier this week to raise funds for the production. Unfortunately, the project along with its apparent “creator” has been proclaimed… Read More

HMACS: Humble Makers Against Crowdfunding Scams

Crowdfunding suffered its latest growing pain over the Healbe GoBe, a prototype gadget that finished its funding campaign yesterday with over $1 million raised — 10 times its original goal. The GoBe’s campaign page on Indiegogo describes the device as “the first and only wearable device… Read More

Indiegogo CEO Slava Rubin Responds To Healbe Criticism

Indiegogo CEO Slava Rubin has issued a blog post tackling some of the concerns raised in the examination of the Healbe campaign. Some – including PandoDaily staff writer James Robinson – have accused the campaign of being a scam. According to Rubin, the revelations surrounding the… Read More

The Media Is Missing The Point On Crowdfunding, Indiegogo And The HealBe “Scampaign”

At this point, I’ll skip the process of reiterating HealBe’s disaster of an Indiegogo campaign in any detail. In short, HealBe launched a campaign for a device called the GoBe that promised to count calories burned during a workout by measuring glucose levels in the bloodstream…. Read More

Two Big Questions For Indiegogo And PayPal On The Heels Of HealBe’s Crowdfunding Debacle

We’ve been keeping up with PandoDaily writer James Robinson’s (pictured) digging into HealBe’s Indiegogo campaign. It turns out that Robinson’s search is now leading him toward other Indiegogo campaigns seemingly with similar issues. A recent article dives into claims made during a campaign for the TellSpec, a device… Read More

Indiegogo’s Reputation May Hinge On Outcome Of GoBe Campaign

Put simply, the significance of automatically calculating calories consumed and burned cannot be overstated. Currently, calorie databases such as MyFitnessPal require manual input, and prove laborious when calculating home-cooked meals or more exotic cuisines. While the utility of food-logging with weight loss has been supported by medical… Read More

Questions Swirl Around GoBe Campaign As Crowdfunding Approaches $750K

We reported on the GoBe last week as the campaign was crossing $300,000 on Indiegogo. The campaign seeks to fund a new activity tracker that promises some really slick functionality, including the ability to read calories burned during exercise based on glucose levels in our cells…. Read More

Crowdfunding Fraud: How Big is the Threat?

Crowdfunding is exploding as a new way of attracting funding and financing for individuals, small businesses and entrepreneurs around the world. In 2013 alone the global crowdfunding industry was responsible for between $3 and $5 billion in funding. With the passage of the JOBS Act… Read More

Updated: Is SOAP’s Kickstarter A Scam? It Is A Complete Mess, And Here’s Why

If you want a case study in how a Kickstarter can go horribly wrong, look no further than the campaign for SOAP, a touchscreen home automation router. The campaign is fully funded despite bleeding almost $4,000 since we caught wind of scam allegations surrounding the campaign… Read More

Soap Home Automation Router’s Kickstarter Campaign Met With Scam Allegations

The above comment sums up the general tenor surrounding a currently-running Kickstarter campaign for the Soap home automation router. The device’s campaign promises to deliver an Android-based home automation unit that allows the user to control all of his or her at-home digital devices. The… Read More