It’s no secret that crowdfunding has drawn more con artists in recent years. There's even a website dedicated to exposing crowdfunding scams on Kickstarter.
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Daniel
onto Selected Topics on Crowdfunding September 12, 2016 4:19 PM
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As crowdfunding becomes mainstream, the potential for fraud will inevitably increase. It seems that each new day is accompanied by a scathing article or op-ed warning that we need to protect the general public from the impending onslaught of boiler room con-artists. Indeed, the issue of fraud protection has transformed the process of legalizing equity crowdfunding into a grueling, complex and contentious process – as regulators, industry stakeholders and special interests wrangled over new rules meant to protect investors from fraud.