In a release this summer, the Federal Trade Commission (FTC) announced it had brought and settled its first case involving crowd-funding. The defendant, Erik Chevalier, raised more than $122,000 through Kickstarter to produce
FTC, Federal Court Views on Fraud In Crowdfunding Ventures
In a release this summer, the FTC announced it had brought and settled its first case involving crowd-funding. The settlement order should serve as a reminder that strong legal remedies at both the state and federal level are available to defrauded contributors.
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