Tagged: scams

SEC Office of Investor Education & Advocacy Warns of Potential ICO Scams as it Suspends Trading in Several Companies

The Securities and Exchange Commission (SEC), office of Investor Education and Advocacy, is out with a note on the booming Initial Coin Offering market telling investors to beware. The ICO market has grown rapidly with estimates topping $2 billion in token sales this year alone…. Read More

US Treasury Publishes Suspicious Activity Report Highlighting Crowdfunding Scams & Frauds

The US Department of Treasury, via its FinCen or Financial Crimes Enforcement Network, is ringing warning bells when it comes to rewards based crowdfunding. FinCen notes a rise in “suspicious activity reports” (SARs). In a report published this past week, FinCen spotlighted rewards based crowdfunding… Read More

Brief: Connecticut Better Business Bureau Warns the Public About Crowdfunding Scams

As crowdfunding continues to gain more popularity, the Connecticut Better Business Bureau (BBB) has warned backers to be careful when it comes to funding projects. In an effort to avoid scams, the bureau stated on its website backers should do diligent research before helping fund a new… Read More

Better Business Bureau Continues to Warn Against Ebola Crowdfunding Campaign Scams

As consumers continue to search for the truth behind the deadly Ebola virus, including cures and projects dedicated to Texas nurses Amber Vinson and Nina Pham, the Better Business Bureau (BBB) has revealed that are more scams continuing to surface.  As previously reported, the city of… Read More

WATCH: Kickstarter Fraud Foiled By Kickstarted Documentary Team

The team behind the crowdfunding campaign for the Kickstarted documentary may have helped catch the largest Kickstarter fraud in history just in the nick of time, and literally quite by accident. Correction: Maybe not THE largest… The team explains in a recent blog post… A… Read More

Scammer copied entire fundraiser from Kickstarter to Indiegogo

Two indie comic artists received a valuable lesson on the fine art of crowdfunding when a scammer copied their Kickstarter campaign word-for-word to a rival site. And the scammer was a real public relations hustler. “It was actually kind of educational,” Ken Lowery, one of… Read More

BBB and FINRA Foundation Launch Smart Investing Website to Help Stop Investment Scams

Consumers Lose Millions to Scammers and Ponzi Schemes; New Effort Combines Education, Local Outreach WASHINGTON — Better Business Bureau and the FINRA Investor Education Foundation today launched a new consumer website, BBB Smart Investing, which is designed to help investors make smarter investing decisions while avoiding… Read More