Member Login   l   Join Sokule™   l   Sokule™ Lingo   l   Make Money
Crowdfunding Scams UpDate: ERIK CHEVALIER scammed contributors out of

Crowdfunding Scams UpDate: ERIK CHEVALIER scammed contributors out of more than $122,000


May 15, 2016 Facebook Twitter LinkedIn Google+ MLM & Affiliate Marketing News


Crowdfunding Scams


Crowdfunding Scams UpDate: ERIK CHEVALIER scammed contributors out of more than $122,000

Crowdfunding Scams Are on the Rise

In its first case involving crowdfunding, the Federal Trade Commission has taken legal action against the deceptive tactics of a project creator who raised money from consumers to produce a board game through a Kickstarter campaign, but instead used most of the funds on himself. The defendant has agreed to a settlement that prohibits him from deceptive representations related to any crowdfunding campaigns in the future and requires him to honor any stated refund policy.

Similar ‘Scampaigns’

Similar fraud “scampaigns” were unveiled after the fact on sites such as Kickscammed, Facebook’s GoFraudMe page, and Android Police:

  • Jen Hintz is accused of using the $26,000-plus raised on Kickstarter for FibroFibers, an indie yarn-dyeing business, to fund her move from North Carolina to Massachusetts.
  • The project founders of Kreyos Meteor smartwatch made off with $1.5 million raised on Indiegogo for a waterproof, voice-activated wearable device that could also track your sleep.
  • An Iowa woman raised thousands of dollars through GoFundMe to pay for her daughter’s cancer treatments, when in fact the child was healthy.

While Leetha Kaye Slauson, the Iowa woman, was given five years’ probation, other penalties amount to little more than a slap on the wrist. Under the FTC settlement, Chevalier is prohibited from making misrepresentations about future crowdfunding projects, is barred from disclosing or benefiting from customers’ personal information, and was fined $111,793.71, which was suspended due to Chevalier’s inability to pay.

Read the full article and join in the discussion over at consumerreports.org

Best Places Advertise Free Top Surfer

Click Here For Prospects Pay YOU $10 So You Can Advertise To Them

Live Internet Affiliate Marketing, MLM, Social Networking Training…

Using Blab & Twitter Periscope

Join Harvey The Silver Fox & Marty Bostick for Live Internet Affiliate Marketing Social Networking Training. They will be training for Joint Ventures, Business Building Tips, Affiliate Income Tips, Mobile Marketing, SEO Optimization, Video Marketing, Email Marketing, Directory Listing Optimization, Google Listing Optimization, Google Adwords Management, Website Traffic, Lead Capture Pages, AutoResponders, Email Marketing, Proper Web Design, Working With WordPress, Marketing Automation, Blogging, 1st Page Google Ranking, CoOp Marketing, Lead Generation, Telemarketing, Voice Broadcasting, List Building, Link Tracking, Tracking Phone Numbers, Rotators, Google PLUS, How To Use Twitter Periscope To Build Your Biz, How To Use BLAB To Build Your Biz, and more…

Catch Marty on Periscope using the button below…

Best Places Advertise Free Periscope Click Here


_______________________________________

Join Harvey The Silver Fox & Marty Bostick for Live Internet Affiliate Marketing Social Networking Training

->   http://ftmthits.com/FreeTrialTools/?id=589

 



Recent Posts Get Rss feed for Sokwall
Achives:
 
Recent Posts: