US regulators target fake crowdfunders
PEOPLE who fail to complete projects after receiving public backing through crowdfunding are being targeted by US regulators.
AUTHORITIES in the US are targeting people who raise money online through crowdfunding sites like Kickstarter and GoFundMe, but don't follow through on their promises.
IN its first case involving crowdfunding, the Federal Trade Commission announced on Thursday that it has settled charges against a man who raised $US122,000 ($A157,307) through Kickstarter to produce a board game that never materialised.
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